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Company Loan Type APR Est. Pmt.

note release

Posted on: 18th Apr, 2012 09:17 pm
what recourse does the bank hAVE when they released the mortgage by accident
Welcome Guest,

If the mortgage has been released, then I don't think that the bank has any recourse to collect the mortgage anymore.
Posted on: 18th Apr, 2012 10:25 pm
Hi Guest!

Welcome to forums!

Once the mortgage is released, it means that the borrower is no more liable to pay any further mortgage payments. I agree with Adonis that the lender won't have any further recourse.

Feel free to ask if you've further queries.

Sussane
Posted on: 19th Apr, 2012 08:02 pm
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