Asked by Cassie, Austin, TX • Mon Mar 4, 2013
I just had a title search done through an online company for some properties that are going to auction. I understand most of what is on there, but I am confused about some of the mortgage information.
The thing I don't understand is that it lists "Open Mortgage/Deed of Trust Information", which contains about the stuff that I would expect.
Then later in the document it also lists "Additional Mortgage/Deed of Trust information" which contains various things depending on the home I'm looking at, but isn't listed under the UCC/Liens/Judgments section.
Can anyone give advice on how to interpret these "Additional Mortgages"? Are these typically second mortgages, or simply debt changing hands?
In one case I even have 2 people listed jointly under the Open Mortgage, and then under Additional Mortgages, one of the people is listed as the grantor with the other being the grantee for a DEED OF TRUST TO SECURE ASSUMPTION and DEED OF TRUST TO SECURE OWELTY OF
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