Legal Question in Real Estate Law in Georgia
When buying a home can I get clear title if no one knows who owns mortgage?
Asked on 4/06/11, 9:38 am
3 Answers from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
Someone knows. Retain a real estate lawyer, or work with the closing lawyer. They know what to do.
Answered on 4/06/11, 9:41 am
Phillip M. Cook
Cook Legal Services, LLC
If there is a mortgage on the property then you likely cannot get clear title to the home without first satisfying the mortgage. I'm trying to think of a situation (an unrecorded mortgage?) where the mortgagee cannot be identified. A quick title search would probably answer that question. I STRONGLY recommend consulting a Georgia real estate lawyer PRIOR to entering into a purchase agreement for the home.
Best of luck.*****The above is for informational purposes only and does not create an attorney-client privilege.*******
Answered on 4/06/11, 9:44 am
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
No.
Answered on 4/06/11, 9:51 am