Home Ownership (misc.consumers.house)

 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1   Report Post  
mike
 
Posts: n/a
Default 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
Search this Thread:

Advanced Search
Display Modes

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Long article on mortgage fraud [email protected] Home Ownership 0 July 4th 05 04:35 PM
Questions About Title Insurance Ablang Home Ownership 0 June 14th 05 01:47 AM
Question about title of property? Zylan Home Ownership 6 August 12th 04 06:33 PM
Question on Owner's Title Insurance on a mortgage REFI sinc720d Home Ownership 3 January 2nd 04 02:10 PM
Private Sewers [Long and boring post!] Roger Mills UK diy 6 July 11th 03 04:18 PM


All times are GMT +1. The time now is 03:11 PM.

Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 DIYbanter.
The comments are property of their posters.
 

About Us

"It's about DIY & home improvement"