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After a Mortgage lender has provided you with a Satisfaction of Mortgage and it is Recorded What is the Statute of Limitations for them to try and reverse it?
Wiki User
∙ 11y ago
Technically they can not reverse the satisfaction through the recorder's office. The only way to reverse would be for you to sign a new mortgage. However the company can sue you or place you in collections for any lawfully correct amount that you still owe.
If the satisfaction was recorded in error the bank would need to take the matter before a judge to request a court order to reinstate the mortgage. The statute of limitations and rules vary in different jurisdictions. You need to consult an attorney who is familiar with the laws in your jurisdiction.
Wiki User
∙ 11y ago
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Who can create a satisfaction of mortgage document?
Only the person or lender who owned the mortgage can discharge it. In Massachusetts, if a mortgage discharge has not been provided by the mortgagee within a reasonable period of time, or when the mortgagee is no longer in business, there is a statutory scheme by which proof of payment in full can be recorded with an affidavit. You should speak to someone at your state attorney general's office or a private attorney if you are having difficulty obtaining a discharge for a paid mortgage.
How does a mortgage broker get you a loan?
Mortgage brokers are provided with current information from various lenders, and often have computer software to allow them to compare the fees, rates and limitations of different lender's products.
Where can mortgage advice be provided?
mortgage advice can be provided by retailers who provide mortgages or from retailers online also mortgage advice can be provided by professionals over phone and blogs run by people with experience with mortgages
What can be found on the Canada mortgage and housing site?
The Canada Mortgage and Housing site offers housing and mortgage insurance information. The info is provided by the Canada Mortgage and Housing Corporation.
Who benefits from a mortgage insurance claim?
The real beneficiary from a mortgage insurance claim is ultimately the insurance company that provided you with the mortgage insurance in the first place.
What are the limitations of laplace transform?
Laplace will only generate an exact answer if initial conditions are provided
Where can you get mortgages from?
A mortgage can be acquired through lenders and banks that allows individuals to get such mortgage provided they qualify for the requirements lenders / banks are looking for people applying for a mortgage.
What are the services provided by Capital Mortgage Funding?
Capital Mortgage Funding are a company that have the ability to provide several services to their customers. These include mortgages and mortgage advise.
Can anyone get a mortgage?
Yes anyone can get a mortgage provided he or she meet the requirements of the lending organization. Check the detailed requirements and checklist for mortgage processing here : yosna.com
What is the connection between customers expectation and customers satisfaction?
customer expectation is, what they want from the service prowiders. and customer satisfaction is provided service to them is making them happy.
Can I stop paying my mortgage to the current bank if my loan documents can't be found?
You haven't provided enough information and it's not that simple. You would be taking a serious risk since if the bank handed money over to you it can get a court order that recreates the mortgage. Also, the mortgage may have been recorded in the land records. Also, the mortgage may be found at some later date and you would be in serious financial difficulty if you defaulted on the loan.You need to consult with an attorney.
Why might someone require the services provided by a mortgage company?
You may be trying to get your first mortgage on your first home, or you may be looking to refinance your existing mortgage at a better interest rate.
