Title question - Posted by Jeff

import · January 29, 2001, 8:22pm

Posted by RobertR on January 29, 2001 at 21:43:24:

We are in a Title state. We file a lien when changing the title into the buyers name. The county sends the title back to us, the lender. Our lien information, our name and address, file number and date filed appear on the face of the title under “First Lienholder.” No lender will loan against the home without having the title to process. Anyone who sees the title knows immediately that a lien has been filed.
Cordially, Robert

import · January 29, 2001, 8:22pm

Posted by Jeff on January 29, 2001 at 21:22:14:

If we change the title into the buyers name and hold the title until the note is paid off, what is to prevent the buyer from borrowing against the title once they have built up equity?