Vanity Post- need financial/legal help for a friend.

self | 4/1/2019 | MissEdie

[MissEdie]

Freepers, whenever I have needed wisdom and great help ya'll have always come through! I'm hoping ya'll can help a dear friend of mine who is 15 days away from closing on her house when an issue arose. Bottom line is they need a letter from Chase Mortgage certifying their house/credit is in good standing to sell, but they are refusing because they are saying they have 2 mortgages on their house-but they don't. Even their credit checks stipulate one outstanding loan and it shows them in good credit. Apparently back in 2004 they refinanced their mortgage, they used the money from it to pay off the pre-existing mortgage. They are still paying on the balance from the 2004 refi. Chase is telling them something happened from the 2004 refi and they have them listed as still having 2 mortgages. When they attempted to contact the lawyer's office who handled the 2004 refi, they are no longer in business. All they need is a letter saying they do not have 2 mortgages, but Chase is refusing to write one for them. They are supposed to close on their home in 15 days and their buyer is getting antsy.

[GOPJ]

If there is a 2nd mortgage it will be recorded at the clerk of court for the county where the property is located. There will also be record of any satisfaction of mortgage. That would be the place to start.

Excellent advice.

[slslady1]

You can always look here to see if your mortgage was handled by MERS.
https://www.thehomeownersrevolt.com/mers-property-search-find-your...

[GOPJ]

https://www.thehomeownersrevolt.com/mers-property-search-find-your-mortgage/

Amazing site... how on earth did you find it?

[lastchance]

I think you may have meant to address your response to the original poster. I am not personally involved in this saga.

[MileHi]

Indeed. This could be a big mess.

[sparklite2]

But, but if you can’t go to a political forum
for free legal advice, what’s the internet for?

[Intolerant in NJ]

...they used the money from it to pay off the pre-existing mortgage...they should have received some sort of notification from the lender that they had satisfied that mortgage - even a copy of the mortgage itself marked satisfied - hopefully they kept it, or can locate it, to show to the bank to prove they completed payment......

[PAR35]

2004? You are lucky the lender is still around. A lawsuit against the lenders would at least get their legal department to start contacting the business folks. Short of that, a complaint to the primary regulator, and a Congressional inquiry can sometimes help the bank focus on an issue.