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Question
If a person applies for a homeloan and house has no mortgage but owner can't locate deed; how does the bank confirm ownership; and is owner expected to get another deed and how is that done.
Somewhere in the dusty archives of your county recorder, Helene, is the title to the house to which you are referring. You never have to worry about the bank finding out who is the owner of a property. It is a matter of public record. They merely contact their title company (abstract company in some locales) when the loan is applied for. They will discover whatever liens and encumbrances the property has. No need to worry. By the way, you can do the same. Most likely you can do it online. Just go to your county recorder's website and they will ask you for your address. If not, give them a call. Simple as all that. You never have to even have your property deed on hand. It is always in the county recorder. I do wish you well.
Dick Dennis
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Answers by Expert:
- Dick Dennis
- Jessica Bryan
- liznarr
- Hans Weber, Licensed Broker Associate
- Sue Bernstein
- Karyn Foley
- Dottie Worthington
- Jim Root
- Russel Ray
- Connie Wildasinn-Broker,GRI,RealtorŪ
- Todd C. Menard
- Diann Tonnesen
- John Hendricks
- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Dick Dennis
Expertise
With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.
Experience
Solving real estate problems for 37 years.
Organizations
National Association of Realtors
Publications
Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers
Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate
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