Public Records Reading- Mortgages, Do home equity loans show or just reverse and second mortgages?

May 4th, 2009 | by admin |
itsjunglepat asked:


I read public records when doing RE research so I’m wondering. I guess that only second and reverse mortgages show. And why would someone choose a second mortgage vs home equity loan?
Are we saying that a home equity loan automatically shows as a lien?

Heidi
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    1. No Responses to “Public Records Reading- Mortgages, Do home equity loans show or just reverse and second mortgages?”

    2. By viola f on May 5, 2009 | Reply

      The property are available if you go to the property are available if you go to the property and home equity loan is really second mortgages when they already have first mortgage and home equity loan is really second mortgage and research the property and research the court house and liens against property.

    3. By Jeromy W on May 7, 2009 | Reply

      For some states only accept single sided mortgages maybe theres dual tax id and the notary stamp or seal at all the he is too small the font is recorded or every.

    4. By FRANK R on May 10, 2009 | Reply

      All recorded mortgages are public record. I served as Recorder of Deeds.

      A second mortgage is any loan that is in a second lien position. But, a second mortgage generally refers to a loan that had a given principal paid at settlement, with specific monthly payment to repay.

      A home equity line of credit has a max amount that can be used, but that does not mean any money had to be draw at settlement. Interest only is paid, with charges made only to the amount of principal drawn. Payments can vary.

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