Home |
Search |
Today's Posts |
#1
|
|||
|
|||
Clear title -- private mortgage
Hi all,
I'm clueless about real estate law and would appreciate some advice. I bought a business property 6 years ago that the seller financed at 7.5% for 15 years. I owe $80k. Now I want to payoff the mortgage and get a clear title. What steps do I take? The mortgage owner lives out of state and the only way to communicate with him is by mail. I make monthly deposits in his bank account. Do I write him a letter saying that I'm going to deposit 80k in his account on Sept. 30 and ask hime to send a clear title? What should the wording of the letter be? Thanks. |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Long article on mortgage fraud | Home Ownership | |||
Questions About Title Insurance | Home Ownership | |||
Question about title of property? | Home Ownership | |||
Question on Owner's Title Insurance on a mortgage REFI | Home Ownership | |||
Private Sewers [Long and boring post!] | UK diy |