Trying to close on a house I’m purchasing but the sellers have 2 mortgages assigned within 3 weeks of each other from a while ago
So as the title says I’m purchasing a house and the title search revealed what appears to be 2 separate cash out refinance mortgages taken within a couple weeks of each other. 1 of the mortgages was satisfied a couple years ago but the other just seems to have vanished. The second mortgage was taken out with a lender that no longer exists and the seller can’t produce a satisfaction but says it’s an error. They are offering to have another title agency insure title and provide written explanation that second mortgage is null. My title company and attorney say this could work, but are leery to insure it themselves. Is this deal dead?
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source https://www.reddit.com/r/RealEstate/comments/1kuw5bj/trying_to_close_on_a_house_im_purchasing_but_the/
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