Perhaps the decedent did some estate planning and subsequently transferred title to a family trust in order to avoid probate cost and court inconveniences.I've been dealing with reverse mortgages in foreclosure for many years.

I was on target to purchase multiple investment properties before the market cratered, yet reluctantly found it necessary to back-burner the endeavors in order to readjust my strategies to suit the "new normal" of the recent past, and current market and economic environments.

If there was a first lien foreclosure, there will not be a 'release' recorded on any liens because these liens (the first and subsequent) are uncollectable (assuming you have a valid and enforceable foreclosure per your state laws) due to the first lien foreclosure.

We are having a little dilemma in the sense that we haven't decided if we want to cap our fund out and hold loans through maturity - or try and originate as many loans as possible, then subsequently sell them off.

Here are reasons some people do not take loans:1) Poor/mediocre credit2) Unable to take more (due to outstanding lines of credit). 3) Low appetite for risk and subsequent backup plans.4) Foreclosure, short sale, and mom & pop deals that require cash (for ease of transaction).5) Access to plenty of capital (this is a problem most wish they had).Regardless of your case, any of the above is a viable reason not to take financing.

@Dell Schlabach, I like what you do to file info that subsequent buyers would easily find.

The challenge was to get all the money that we contributed back out (via refinance and subsequently converting a collateralized line to LTD on the balance sheet) as (ultimately) a cash distribution.

If another record is found the system automatically notifies the lender through an alert to delay pending further investigation.Most importantly, the tool retrieves the information allowing users to identify the entity or entities perpetrating the potential fraud.It can be used to screen already closed short sale transactions enabling the lender to continue to watch the property for a period of time and generates an alert for any subsequent loan closed on the property, the original short-sale lender and the resale lender.Moreover, it provides post-closing alert notifications, reviews of sale terms for violations, and alerts the new lender about potential for fraud in the dual transactions.Retrospective short-sale analysis helps detect fraud, assess pricing-method accuracy and pinpoint problematic areas to avert future losses.

Did you input a negative number for the first (and/or subsequent) value?

I've had several of my clients subsequently sell those properties and ask me for a report that states that the water loss was mitigated properly.