Question about transferring of lien

[Ann]

Without going over my whole ridiculous story about trying to settle a second with PNC Bank I just have a question. If PNC goes ahead and sells the debt and that company (that buys it) wants to settle how will I know if they have the lien? I was told by others here that the lien usually does not transfer. Last week I ended the whole "settlement" issue with PNC because I refuse to sign documents that would put me on the hook for past due payments and accruing interest. After stating to them I will not sign I have not heard a thing from them!

[SunshineGal]

Hi Ann,

You want to get a "satisfaction of Mortgage" recorded in the public records and that will void the lien. If PNC then sells the debt it won't matter, the debt has been discharged and the lien released.

SG