Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

29
Posts
2
Votes
Jorge Ibarra
  • Durham, NC
2
Votes |
29
Posts

Buying property with a Lien on it in NC

Jorge Ibarra
  • Durham, NC
Posted

So there’s a property in Nc that I’m looking to wholesale but have a title issue. They did a title search and seems there’s a heloc on the property of 10k. The seller had bought the house like 10 years ago with cash. It seems like the previous owners took a Heloc and was supposedly paid off. They are also deceased now. It seems that the bank doesn’t exist anymore , wellsfargo bank would be the ones who would have the loan but seems they can’t find it either. What can I do ? Just take subject to existing lien ? Quick claim ? Or lease option?

Hope someone can help thanks

Loading replies...