Clear Title drop lien
Can someone help me with this? I am buying a condo but it supposedly has a lien attached. The statement say principle balance 0. Loan 59k supposable corporate advance that’s what they told heir. Corp doesn’t exist anymore. Director passed away 2 yrs ago. Heir get a statement every month but no payment due. Can this be removed so I get clear title? If so how?
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I'm assuming there's an unreleased Deed of Trust of record the statement is based on. If so I'd have the seller call the number on the statement and request a Release to be recorded in a form sufficient to allow the title agent to issue a title policy w/o exception for the DOT..