<prompt> Human: Long story short, we closed on our home in August this year. Since then, weve been getting mortgage statements monthly for the previous homeowner from his lender. The most recent letter from his lender addressed to him addresses the delinquency and starts to talk about what steps he needs to take to avoid foreclosure. Should I be concerned? Could it just be a timing issue that his lender hasnt closed his mortgage? Could the title company have given the seller all of the money and he decide to blow off the balance of the mortgage? Judging from my call with my lender, this isnt a common issue. Assistant: You need to talk to whoever handled the closing. They should have paid off the mortgage. If you have title insurance, you should notify them. Yes you should be concerned. You should be very concerned. Human: Thanks for the reply. I have title insurance and plan on calling them Monday morning. What could a worst case scenario look like in this situation?  <response>: The mortgage wasnt paid and your house gets foreclosed on and you lose it and your money is your worst case scenario and your lender comes after you on their note for the full loan amount. You should not be satisfied until you for sure see a recorded certificate of satisfaction for the mortgage recorded at the courthouse at this point.If the mortgage was missed in the title exam and wasnt paid off out of the loan proceeds, the title insurance company should pay it off and then pursue their money from the agent who screwed up whose EO will pay it and then go after them personally. Start with the closing agent. They are likely the ones who will be on the hook if this thing goes south. I dont see this as a good situation unless perhaps this was a short sell and they are slow in straightening it out in the mortgage holder records. 