X

Wondering what income you'll need to buy a median-priced home? See our latest metropolitan area home affordability analysis

Wondering what income you'll need to buy a median-priced home? See our latest metropolitan area home affordability analysis

A failed bank holds a lien. How to proceed?

Q: I’m trying to buy an older park model trailer. The title shows a lien from an Arizona state bank that no longer exists. How do I get this title cleared?

A: Most likely you'll need find out who now holds the assets of the former bank; most (although not all) will likely have passed to a new bank at some point. Alternately, the FDIC may still be holding the assets. You should first check at FDIC.gov to see if a bank-to-bank or bank-to-FDIC transaction occurred, then contact whichever institution from there.

Ask the expert
Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
Submitting your question...

Question received! Check back later to see if your
question gets published.

Q: What is the difference between "rate" and "APR"?
APR 26, 2021
A:

APR is perhaps the most misunderstood part of mortgage finance. "Rate", or more properly "contract interest rate" is the actual rate of interest you are being charged...

Read More
Q: How do I find out who owns my mortgage?
MAR 15, 2021
A:

The owner of the loan is most often the "investor" -- the entity who put up the actual funds to make your mortgage happen.

Read More
Q: When will I begin paying more principal than interest?
MAR 04, 2021
A:

A 4 percent 30-year fixed-rate mortgage will see equal parts principal and interest at about payment number 154.

Read More
Add to Homescreen?
X
X
Install this web app on your phone :tap and then Add to homescreen