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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Why checking the title record all the way is critical. Posted by Ward-CA- on February 18, 2002 at 8:39 PM In Reply to: More on Liens posted by Chip on February 18, 2002 at 3:09 PM : Hi Ward, : You wrote: "you’d really want to know if there is, junior to the foreclosing lien, a recorded IRS tax lien or subordination agreement or a recorded indication of a payoff of a senior lien, either a voluntary or involuntary one via a reconveyance, satisfaction, release, etc" : I understood the first part but was unclear about how a recorded indication of a payoff of a senior lien, either a voluntary or involuntary one via a reconveyance, satisfaction, release, etc. would cause a problem. Could you explan? : Thank you! =•=•=•=•=•=•=•=•=•=•=•= Happy to oblige Chip— You want to check all the way to the present to see if there’s a payoff, because if there isn’t then that senior lien is still unpaid and will remain on the property for you to pay if you take title via the foreclosure sale of a junior lien. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward, : : You wrote: "you’d really want to know if there is, junior to the foreclosing lien, a recorded IRS tax lien or subordination agreement or a recorded indication of a payoff of a senior lien, either a voluntary or involuntary one via a reconveyance, satisfaction, release, etc" : : I understood the first part but was unclear about how a recorded indication of a payoff of a senior lien, either a voluntary or involuntary one via a reconveyance, satisfaction, release, etc. would cause a problem. Could you explan? : : Thank you! : =•=•=•=•=•=•=•=•=•=•=•= : Happy to oblige Chip— : You want to check all the way to the present to see if there’s a payoff, because if there isn’t then that senior lien is still unpaid and will remain on the property for you to pay if you take title via the foreclosure sale of a junior lien. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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