Of course this information is supposed to be filed at the county clerks office. But that costs money. This is one case where I would have to consider giving full legal ownership over to the homeowner.
The bankers are sitting on these for the reasons stated in the article. It is impossible for the homeowner to get out from under this obligation or to even find out what there obligations are when this is going on. Meanwhile the expenses continue to mount(Taxes and such)
“This is one case where I would have to consider giving full legal ownership over to the homeowner.”
The homeowner already has legal ownership. At question is the lien against the property for the original loan.