The servicer must order a title search. In addition to the title search, the servicer must review the following to determine if the borrower will be able to deliver clear and marketable title:
- readily available information provided by the borrower,
- the borrower’s credit report,
- the mortgage loan servicing file, and
- other sources identifying subordinate liens and other claims on title.
For more information please see F-1-14, Processing a Fannie Mae Mortgage Release (Deed-In-Lieu of Foreclosure)