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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] lost note bond Posted by Stuart Davenportt on January 28, 2004 at 7:53 PM I could use some help. I live in Washington, DC, and I am buying my first home. I need to get title insurance before I buy the home. The problem is that the 1st Trust on the home has not been paid off, and after researching the loan for a month we still cannot locate any current record of it. The bank that originally was servicing the loan went bankrupt in 1999, and it is most likely the loan was fully written off because it was badly in default. There is now no current claim on the loan we can locate. I have heard of a "lost note bond" that I can purchase that will cover the lost loan, but I do not know much about it. Also, what is involved in a "quiet title action"? How long does it take? Is there anything else I could do? Thanks so much. Follow Ups: Solving a lost note problem... Ward-CA- 10:43 PM, 01/28/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I could use some help. : I live in Washington, DC, and I am buying my first home. I need to get title insurance before I buy the home. : The problem is that the 1st Trust on the home has not been paid off, and after researching the loan for a month we still cannot locate any current record of it. The bank that originally was servicing the loan went bankrupt in 1999, and it is most likely the loan was fully written off because it was badly in default. There is now no current claim on the loan we can locate. : I have heard of a "lost note bond" that I can purchase that will cover the lost loan, but I do not know much about it. : Also, what is involved in a "quiet title action"? How long does it take? : Is there anything else I could do? : Thanks so much. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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