#WhyTitleMatters. Don't let this happen to you! Imagine that there's a mortgage against your house that you didn't know about and you go and try and sell your house and discover this mortgage. The payoff statement apparently included both mortgages, but in reality only included one. The second mortgage is still open and money is owed by the previous owner. The buyer went to sell her house and discovered this. The mortgage is still a lien against the house and it needs to be paid off or satisfied. What could she have done? Luckily, she bought title insurance. It will protect her from having to pay that debt off!.