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I just got an approval on a Freddie Mac from PNC and the language was "We will prepare and record the satisfaction of Mortgage/Deed of Trust. We will also report the Credit Bureau "legally satisfied for less than full debt".
I am hoping that means no deficiency...the 2nd accepted 10% from the 1st for lien release but did not release the deficiency at all:( They want like 33% to release deficiency on 2nd....
PNC is very hard to deal with!
Tricky wording...I would have the sellers seek legal counsel. That may not release them from the note??
The gal at PNC told me they do not give full release...but I have heard that before :) Sorry about the 2nd....who is it with?
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