Legal Question in Real Estate Law in Pennsylvania

Property Title search

I am applying for a first mortgage on my property and am required to get Title insurance. In the search an outstanding loan that is showing not satisfied from a loan company fro 16 years ago. I know the loan was paid and the company is no longer in bussiness. I can not find the paper work that indicates the loan was satisfied. How do I go about getting this loan satsfied to get title insurance.


Asked on 6/30/09, 12:41 pm

1 Answer from Attorneys

Miriam Jacobson Retired from practice of law

Re: Property Title search

Ask the title company that made the search to suggest how you do this. It is that title company that will have to be satisfied. Otherwise, you may be doing a lot of work only to find out that it won't be acceptable.

This response is not legal advice, since I do not have all of the information that would be required, and I do not have a representation agreement with you.

* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.

* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.

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Answered on 6/30/09, 3:04 pm


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