https://youtu.be/QRmmC97YMZY?si=vRn6W8whbkJ6bTJC
*I, tonyotag, am NOT an attorney. Such advise below is just precautions when it comes to getting a serious thing like a home loan forgiven.
I get the confusion of the homeowner, not so much of the lending firm that buys the note backed by a lien. That is the key, homeowners that have been told that the loan is forgiven, then get a letter saying so and demand that the lien on record is satisfied (at the courthouse.) Then have your attorney check the title to see if the lien (of that specific note) has been taken off the title or deed.
Additionally, many lenders are not organized or sometimes a mom/pop investor just buys a bulk package of notes from a bank or other lender and it becomes their responsibility to collect the debt. When you, the homeowner, calls in or the former owner of the note or lender calls the homeowner, do they know who they are talking to (yes, I am talking about both parties on the line) I can see the confusion set in on what was said. The typically conversation between old and new lender trading mortgage notes can sound like a price negotiation of when the payment is made and when....so does a homeowner to lender.
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