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Real Estate & Property Law

: The Home Equity Theft Reporter

Couple Holding Purchase Money Note & Mortgage Left Holding The Bag After Unwittingly Signing Negligently-Prepared Satisfaction By Closing Agent

By r morris

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A Florida appeals court recently let a closing agent off the hook for any potential damages caused by negilgently preparing a satisfaction of mortgage and getting the unwitting couple holding the promisssory note secured by said mortgage to sign the satisfaction.The Court said that, because the unwitting couple "never intended to extinguish [the debtor/maker's] obligations under the note, the

Full post as published by The Home Equity Theft Reporter on December 15, 2010 (boomark / email).

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