How to get Lien Payoffs

[Catherine Becker]

I have a house in escrow that is an estate that is heading towards a foreclosure auction because there are multiple liens against the property including federal and state tax liens. The primary mortgage holder agreed to and sent a pay off amount, but we weren't able to close because we didn't get the other pay offs and couldn't get title insurance. We were planning on using a conventional mortgage and have already been approved. I've talked to two lawyers, an accountant, escrow, and a real estate broker, but no one seems to know what we can do to get this information. We would have substantial equity if it closes and have been working on the deal for months. Now its a race before the auction date. Does anyone have experience/insight in what we might do be able to close, get the pay offs and/or title insurance?

[Tom Gimer]

@Catherine Becker

Federal and state payoffs are simple to compute and the title company can pad them an additional 30+ days, to be held in escrow until written payoffs are received.

If there is enough money in this deal to cover those escrows this is beyond easy.

You need to find a new title company immediately.