Just speculating here (and this may be a stretch), but the keyword might be "unsecured" debt that might not require recording or title insurance. Perhaps this was a private transaction between two companies not related to the usual players we deal with? Is it possible that the person you spoke with didn't really understand what a title company (as we know them) really is?
Every now and then I get a call from someone outside of our industry who isn't familiar with our terminology and processes and/or isn't used to hearing the usual questions. It can be very difficult to distinguish them from the bad apples that have something to hide. |
