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dkennedy, Lawyer (JD)
Category: Legal
Satisfied Customers: 6009
Experience:  Juris Doctorate Degree
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our house was flooded and we got apporved for a sba loan. we

Customer Question

our house was flooded and we got apporved for a sba loan. we have to have the person we are buying the house from sign saying that he is the only person with a lien on the house. he will not do this. in our contract it states that if our insurence was not enough to cover the dameges we can go elsewhere for a loan. is he defulting on the contract?
Submitted: 8 years ago.
Category: Legal
Expert:  dkennedy replied 8 years ago.



I am assuming you are in Iowa. But, regardless, you can go to the courthouse in the county where your house is located. Go to the Recorder's office and get a copy of the Deed and a list of all the liens against the house. That should satisfy the lender, being even more official than a note from the seller.


However, it makes me a little worried that he won't sign something. I hope, if you are buying it on contract, that you don't have any surprises in the Deed or who has a claim on that property. Good luck.

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Customer: replied 8 years ago.
the sba people said that he has to sign it in front of a notary of the public.
Expert:  dkennedy replied 8 years ago.

Hello again,


I never heard of this. Write to them, or contact them and ask what to do if he is non-cooperative. They may be able to check with their legal counsel and approve this affidavit or statement from the Recorder's office.

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