[WSBARP] Clearing title old bank as legal owner
Josh Grant
jgrant at accima.com
Thu May 19 10:14:53 PDT 2016
I hate mobile homes.
This is a 2nd request for some listserve wisdom.
I have a client trying to purchase a lot and old mobile home. The mobile home has been fixed up. Total purchase price is only $5000 so a great deal of legal work isn’t going to happen.
DOL tells us that a predecessor of the seller borrowed from “Western Savings and Loan” in 1986 and they continue as the “legal owner” on the title. . We found a similar named S&L out of Phoenix, which was inactivated in 1989. For that matter, we also have to clear off the old 1986 registered owner as well. kind of a nightmare.
What is the procedure for clearing off these old debts and getting a new Title issued?
Thanks.
Josh
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