I am working through my due diligence on a recent mailer and noticed a button called “Mortgage Information” in ParcelFact on two of the properties I am interested in purchasing. An example is below:
1ST Mortgage Amount: 206400
1ST Mortgage Loan Type: PP
1ST Mortgage Lender Name: BARNETT BURT ET AL
From what I gather, this is a personal property mortgage in the amount of $206,400. I expect that the lender has a lien on the property, which was used as collateral for a loan of some kind. Has anyone else seen this, and do you know where the information comes from? How reliable is this information, and other than asking the seller about it (which I have), how else could I verify the presence of a lien on the property?
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