Question for the bankers, attorneys or those with prior experience...
I am trying to purchase a home (likely investment property), however, there appears to be prior lien that is over 8 years old from an out of state bank that is no longer solvent. I was under the impression that these are released/fall off after a set amount of years if they are not refiled by the grantor. Any truth to this?
Regardless, is this an easy fix and something I can do myself? Thanks in advance.
I am trying to purchase a home (likely investment property), however, there appears to be prior lien that is over 8 years old from an out of state bank that is no longer solvent. I was under the impression that these are released/fall off after a set amount of years if they are not refiled by the grantor. Any truth to this?
Regardless, is this an easy fix and something I can do myself? Thanks in advance.