Real Estate Law
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If the lender is out of business and there is no successor company.....you likely would have to claim the statute of limitations has expired and that the mortgage lien should be released/vacated. However, in order to do this, you'll have to file suit for slander of title and obtain a court order vacating the lien and canceling it in the land records.
The statute of limitations on a mortgage is 6 years from the last payment due date. So, hopefully, you are outside of the timeframe and you can claim the statute of limitations has expired and you can get the lien document removed without having to seek out the lender or a proper signator.
Thanks for your question and please let me know if you have any additional questions.