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: Arizona Bankruptcy Attorney BlogBe Careful What You Wish For: A Lien Release and "Paid in Full" Notification
By Joseph McDaniel, Esq.
A lien release, and forgiveness of the debt.
Roughly a hundred thousand dollars in debt on a second mortgage.
It was a second mortgage which was completely underwater, and the client is going to be filing a bankruptcy in any case, because of a lot of additional unsecured debt.
But she was unsettled by the Bank's remarkably generous gesture, because she knew that the bank wasn't in the Santa Claus business.
And this is the first of these that crossing my desk.
I wonder if it's the beginning of a trend.
Full post as published by Arizona Bankruptcy Attorney Blog on March 23, 2011 (boomark / email).
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