Q: If I sold a home in 1990 and held the mortgage and was on it as a trustee only for the last 3 years and the owners got a
Reverse Mtg.in 2007 and I got paid off but the transaction was not recorded, am I responsible for any money they now owe in a foreclosure
A:
Based upon the wording of your question I am not sure how to answer.
If you sold the property and the people paid your mortgage off and there was not another mortgage against the property then you should be clear.
A: Of course, I would have to see the title documents and what and when was recorded in Official Records in the county in which the property was located, but, no, you are not responsible for the purchaser's debt. You also did not state what transaction was not recorded - - the reverse mortgage (unlikely that it would not be recorded) or your mortgage satisfaction.
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