Real Estate Law
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Hello and welcome! My name is ***** ***** I will try my level best to help with your situation or get you to someone who can.
Do you have proof that the loan was paid off in full? (like a letter from the bank stating it was paid in full)
Ok, in a situation like this, if the old lender is out of business, then your recourse here is to file a "quiet title" lawsuit against the lender and then ask the judge to issue an order dissolving the lien as paid. If the lender is out of business, then they won't appear for any hearing and the judge should issue a default judgment in your favor dissolving the lien.
But you would need to contact a local real estate attorney to assist with filing the quiet title lawsuit so that everything is properly done and the judge can issue an order dissolving the lien...
Honestly, it depends entirely on the attorney and what their fee would be. Some charge hourly, some a set fee. But the process would be the exact same for any attorney, so you can shop around based on price to get the best rate.
But I think that for something like this where there won't be any opposition since the mortgage company is out of business, I would ballpark it at $2500-3000.
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