Posted by Nate(DC) on December 16, 2002 at 21:05:05:
Idea #1:
When you say the second was “torn up immediately following closing”, does that mean it was never recorded??
If so, forget about the release, you don’t need it.
Idea #2:
Wait for it to go to sale, and buy it there. The 2nd will go away.
Idea #3:
Hire a skip tracer to locate the folks. I bet accurint.com or information-search.com could find them rapidly.
NT
Need Help- Locating Private 2nd Lien Holder - Posted by M Lee
Posted by M Lee on December 16, 2002 at 16:37:38:
Hi there, I have a property I am looking to make an offer on, and the property is in foreclosure, and the owner bought the property using a traditional 1st mortgage from a bank and a 2nd mortgage to get the deal closed. The 2nd Mortgage was immediately torn up following closing. What I need is a release statement from the 2nd Lien holders, and they moved out of state.
My Questions:
Does anyone have access to a release of lien, or know where to get one?
Does anyone have any ideas on how to go about finding the the 2nd Mortgage Holders? I have alreasy tried a directory look up- Actually the husband- was a truck driver, so they weren’t from this area.
Any help would be great.
Matthew
Now since I am looking to buy the property