Will An Ongoing Lawsuit Against Bank, Lender, Etc. Affect Recovery or Satisfaction
No, neither actions will affect the other while in motion concurrently. In short, lawsuits are a public action and recovery / satisfactions are a private action. However, once a remedy has been found privately this will affectly negate the need for a remedy in the public realm. As the primary example, a satisfaction of a mortgage will negate the suing of an entity for deprivation of rights in the execution, handling, or outright fraud committed with the promissory note.
NOTE: There is always the argument towards the recovery of funds paid towards the loan, but it is much quicker to keep using this process and profit versus a lawsuit that will take years to settle.
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What Does A Title Company Do
The title company's job is to find out if the property title is “unencumbered”, meaning no one other than the seller has ownership rights to it (i.e. no liens, no debts, no alternative deeds). Contact the title company after a bank HELOC is chosen to ...
Commercial Loans for Recovery or Satisfaction
Yes, we can perform these processes on some commercial loans. For satisfaction, we can work with all commercial loans. For recovery, we must verify funds are available through additional research before processing.
Is There Any Update on Mortgage Recovery
Yes, updates are offered through a monthly periodical which anyone can sign up for; however, the time one entered into the Mortgage Recovery Secrets program is to be held in mind as "ROUNDS" differ between students based on that date. Updates will be ...
What Happens To The Note When Refinanced During Recovery
If a person has a note sent for satisfaction on LOAN #1, then they refinance into LOAN #2 during the recovery period (~12 months), the funds will simply be applied towards the current note, NOTE #2. That same person will also be able to recover NOTE ...
Will The Promissory Note Reconversion Process Affect Our Current Loan
The promissory note(s) will be taken off the market and therefore extinguished. In short, one will obtain a satisfaction of the note when the money is received. This reconversion process for old promissory notes will not affect current-standing ...