R
RDH
Guest
california
can a bank charge off an open line of credit secured by a deed of trust then 2 years later change the loan to a fixed rate interest loan with a new account number and sell this new loan with the deed as security new owner attempting to sell property claiming to have the right to forclose based on the deed that was prep[aired for the open line of credit .
i might add that we never recieved letterfrom the bank stating the open line of credit was charged off quit the contrary we recieved a letter stating the year end taxes with a zero balance for the open line of credit secured with the deed that was sold
I have not been able to find any legal info
any help would be greatly appreciated
can a bank charge off an open line of credit secured by a deed of trust then 2 years later change the loan to a fixed rate interest loan with a new account number and sell this new loan with the deed as security new owner attempting to sell property claiming to have the right to forclose based on the deed that was prep[aired for the open line of credit .
i might add that we never recieved letterfrom the bank stating the open line of credit was charged off quit the contrary we recieved a letter stating the year end taxes with a zero balance for the open line of credit secured with the deed that was sold
I have not been able to find any legal info
any help would be greatly appreciated