Can the bank hold my money in escrow because of satisfaction
Full Question:
My home was paid off in 1986 , I did not receive a satisfaction, i sold my home sept. of 2007, they are holding $35,000.00 in escrow because they want a satisfaction of my payoff which I never received. The morgage company does not exist and I can not find out who took them over to see if I can get this satisfaction. I have a Tellers check from the bank proves that I paid it off sept 12 1986, but they want the satisfaction letter, can you advise me in this matter
03/11/2009 |
Category: Real Property ยป Mortgage Sat... |
State: New York |
#15553
Answer:
I am prohibited from giving legal advice. The statutes below makes it possible to receive statutory damages, however, there are statute of limitations applicable to bringing an action. Please see the article at the link below for a discussion of the applicable statutes of
limitations. I suggest you contact a local attorney who can review all the facts and documents involved.
