Wells Fargo- has lien on property that was a secured loan...dismissed / charged off in January. (according to everyone at WF)
first mortgage is current. sales price satisifes first mortgage....but not the WF LIEN.....the lien....exceeds the sales price and fmv......the lien is from another SS the sellers successuflly completed in Jan 2011......WF agreed....closed...
but.....since the property closed in January was CROSS collateralized by current property....they placed lien on it....
however...everyone we talk to says....."charged off in Jan 2011" but no one will give it to us in writing to release current lein so we can close CASH deal.....HELP!!!!!
**********************************
like buttons
Comments
I would pass this over to the closing agent and let their legal department take care of it. If the lien was discharged and it's not supposed to be there then this is a cloud on the title and is something a good closing agent can sort out quickly.