My mother is on the mortgage but not on the note for her home. This is a foreclosure. But my mother has a reverse mortgage t...
Full Question:
My mother is on the mortgage but not on the note for her home. This is a foreclosure. But my mother has a reverse mortgage that should be sufficiently large enough to pay of the original mortgage. Is the current mortgage servicer-Ocwen-legally obligated to provide her or the attorney for the lender providing the reverse mortgage with a payoff letter?
10/29/2010 |
Category: Real Property ยป Foreclosure |
State: New York |
#23514
Answer:
Please consult these links:
http://www.cnycn.org/index.php?option=com_content&task=view&id=49&Itemid=84
http://www.nyc.gov/html/hpd/html/homeowners/foreclosure.shtml
These are two organizations you should contact, and discuss the particulars of your situation with an adviser. Your situation is detailed and dependent on many variables - you would be best served by one of these organizations, which were created specifically to assist people being foreclosed on.
If the mortgage is paid off, then yes, the servicer should provide a pay-off letter.
