Title Research

Been doing some online research at local registry of deeds website. How can one be sure that a particular mortgage holds the 1st position?

Comments(3)

  • TheShortSalePro16th March, 2006

    One method would be to compare the filing date with any other mortgage liens. The first to record usually holds the senior position.

  • InActive_Account9th April, 2006

    look at the wording in the mortgage and recording dates. Make friends with someone at a title company and inquire about thier searches. Pick their brains

  • bargain769th April, 2006

    In foreclosure situations, if you start with the original Deed when the Defendent purchased the property, usually the mortgage filed within a digit or two of the Deed is the first mortgage.

    There are exceptions though. What if the property was bought subject to? How about a property purchased prior to the start of on-line records? How about family transfers? Property passed down to family members during Probate, but Privacy Act considerations do not allow the Probate records on line? Etc, etc.

    If a purchase is imminent, and you need to be sure...pay the $50.00 or so for a title search.
    [addsig]

Add Comment

Login To Comment