Lien on property by an non-existent lender

[Sri Voodi]

Hi all, 

Looking to buy a property in Charlotte.  The seller is dead and the kids want to sell. But the title has a 2nd lien for 40K by a company that no more in business. Seller tried contacting the lender to pay off but with no success. Seller is willing to open an escrow account and deposit 40K in case if ever the lender comes back claiming the dues. Not sure if the title will be clear and be transferred on my name? Or if the the title will in limbo forever till the lender comes back to claim it? Never dealt with this scenario before. Any thoughts or advice? 

Edit - this will be cash purchase

Thanks,
Voodi