More details to this question:
I have a question about a property. The owners at this property are deceased but are still on the title. I have looked at the title in the Assessors/Recorder office and there isn't any mortgage company on it. I contacted the tax collector and was told a mortgage company hired a third party to pay the property tax. They don't have any information on the mortgage. This property has been abandoned yet there is a mortgage paying it. How could I find out which mortgage company is paying it even though the tax collector has no idea. I have done my research about the quite title and it seems that's the only choice since I have no idea if a mortgage company owns it or not since they aren't on the title.
1 ANSWER
If you hired me, I would start by obtaining a title report from a title insurance company. Next, I would search for the legal heirs of the last owners shown on the title report. That means children and grandchildren. If there aren't any, then next come parents (unlikely), and then brothers and sisters, and their children.
After we identified from whom you need to buy the property, next would be how to get you marketable insurable title from them. You will need a lawyer to help you decide which of the alternatives is likely to be fastest, least expensive, and most likely to be successful.
Dana Sack
510-286-2200
Answered on May 13th, 2016 at 5:54 AM