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Once you pay off your mortgage, the mortgage lender — also referred to as the “trustee” — creates the deed of reconveyance document. The lender then signs this document and has it notarized.
Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.
Replevin actions are often filed by secured creditors seeking to take possession of collateral securing loans or other debt instruments, such as retail installment contracts. A common example is where an automobile finance company initiates a replevin action to gain possession of a vehicle, following payment default.
sample-letters-for-creditors-and-mortgage-companies.doc: Software used: Preview: Conversion program: Mac OS X 10.13.6 Quartz PDFContext: Encrypted: no: Page size: 612 x 792 pts (letter) Version of PDF format: 1.3
While you can discard monthly mortgage statements, it's important to keep all mortgage documents, such as the promissory note, deed of trust and proof of title insurance, for the life of the loan.
Afterward, Jefferson’s bank disputed the mortgage payment amounts, and according to the broadcaster, in 2019, the bank filed a motion for summary judgment to take the house. It’s now in ...
A lien (/ ˈ l iː n / or / ˈ l iː ən /) [Note 1] is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the lienee [ 3 ] and the person who has the benefit of the lien is referred to as the ...
Many mortgage lenders allow you to provide bank statements as proof of funds. In some cases, though, you might need a formal letter. You can request a proof of funds letter in person at your bank ...
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