---

How long does lender have to reply?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
rugbymad Joined: 20 Oct 2011 Posts: 6 2.33 Dollars($)	Posted: Thu Oct 20, 2011 6:11 pm    Post subject: Like 0 Dislike 0 If the lender cannot supply the loan documentation, then I assume that the loan obligations to the occupier of the home are discharged? I wouldn't think that the new lender would have a legal right to demand payment of the mortgage without the ability to prove a legitmate debt and agreement to pay, let alone have a claim against the property in the event of non payment? Has ther been any established case law around this? I expect it's a more common issue than many people realise. _________________ Interested in a reverse mortgage or jumbo mortgage loan? Find a range of options in seconds.
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Fri Oct 21, 2011 12:26 am    Post subject: Like 0 Dislike 0 Hi rugbymad, If the lender cannot provide with the loan documentation, then there are chances that the loan will be considered as discharged. You may not be liable for paying the loan. For more information in this regard, you can check out the given page: http://www.mortgagefit.com/foreclosure/courts-waiveoff-loan.html Thanks

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Previous  1, 2

Page 2 of 2

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0