Pre-Closing Clean-Up — or,
“Can’t Get No (Mortgage) Satisfaction”
It could just be a consequence of handling more estate sales lately, but it does seem that I — and my clients’ closers — have been running into more issues with what I’ll call “financial ghosts.”
The typical scenario involves a sale being handled by the (adult) surviving children, who aren’t aware that the parent(s) 
took out a second mortgage or home equity line of credit sometime in the last 5 (or 25 years).
While the loan was long since paid back, the mortgage satisfaction commemorating that is nowhere to be found.
Compounding matters: neither is the lender.
As a result, there is a potential cloud on the title being transferred — which means there’s now a closing hurdle.
Fortunately, both times this has happened to my clients, Edina Title has been able to trace the (lender) chain of ownership and get the requisite satisfaction(s) in time for a smooth closing.
