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How do you get a letter from your previous mortgage company stating you no longer hold responsibility of property due to foreclosure?

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Wiki User
2006-07-31 19:05:17

You should receive a letter from the mortgage company stating

that mortgage lien is released when the house is sold or auctioned

off. This does not mean that you no longer have an obligation

unless the mortgage company sold the house for an amount that would

cover your total balance including all collection costs and any

other costs, like real estate taxes, utilities etc. that were

incurred. If the mortgage company did not have a deficit balance

left, you should have no trouble getting such a letter, but if

there is a balance due, the letter may state something to the

effect that the property has been sold but a deficit balance of a

certain amount of money is due.

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