Sunday, April 26, 2015

We applied for a home equity line of credit on our home purchased in 1979. I have clear title on the house, dated 1988 1992, no mortgage. ...

Question

We applied for a home equity line of credit on our home purchased in 1979. I have clear title on the house, dated 1988 & 1992, no mortgage. A lien popped up during the application from 1977, apparently from a mortgage 2 owners ago, from a finance co. that no longer exists. What do I do?



Answer

Contact the title company you used when you bought your house. This is what title insurance is supposed to insure you against.



Answer

I agree with Arnold. If they missed it, they should be responsible to discharge it.



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