HAFA APPROVAL LETTER:
Your offer of $6,000.00 in the form of a Cashier's Check/Title Company Check will be accepted to release the lien and the debt associated with the above referenced loan. However, Real Time Resolutions, Inc. reserves the right to amend or rescind this offer upon review of the final settlement statement or HUD sent to us within 48 hours of closing. Moreover, Real Time
Resolutions, Inc. reserves the right to pursue loan contract or tort claims associated with the origination or purchase of the above referenced loan or property or with the settlement, such as fraud, negligence, perjury or any other claims.
ARE THEY RELEASING THE SELLER FROM THE DEBT? PLEASE LET ME KNOW WHAT DO YOU UNDERSTAND. THANK YOU IN ADVANCE.
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Wally - Quoting: " release the lien and the debt" sounds "fuzzy" to me. Their final statement about reserving the right to pursue is also fuzzy. Seek attorney advice. It may cost the seller a couple hundred dollars, it is worth it.