Property is not discharged after full payment

gentoo5 · #1 10-17-2005, 05:57 PM

What is the name of your state? CA

I bought a house in 2000 and financed though a mortgage borker. After one year refinanced with partial payment. This also through same broker. In 2002 I paid-off the house. When I went to finance my house I leanred that first loan is not discharged from the property. I call the mortgage broker 6 weeks ago. He said he will fix it. Till now he did not do anything. Whennever I call, he says he is working on this issue.

Now what are my options?

Thanks

HomeGuru · #2 10-17-2005, 07:07 PM

Quote:

Originally Posted by gentoo5

What is the name of your state? CA

I bought a house in 2000 and financed though a mortgage borker. After one year refinanced with partial payment. This also through same broker. In 2002 I paid-off the house. When I went to finance my house I leanred that first loan is not discharged from the property. I call the mortgage broker 6 weeks ago. He said he will fix it. Till now he did not do anything. Whennever I call, he says he is working on this issue.

Now what are my options?

Thanks

**A: you are supposed to use an escrow/title company. Call them.

gentoo5 · #3 10-17-2005, 07:36 PM

I called them they sent me only HUD and final closing document. They said these two documents are sufficient to refinace.

Thanks

HomeGuru · #4 10-17-2005, 07:40 PM

Quote:

Originally Posted by gentoo5

I called them they sent me only HUD and final closing document. They said these two documents are sufficient to refinace.

Thanks

**A: you got it wrong.

gentoo5 · #5 10-17-2005, 07:50 PM

What are my options, if escrow company don't do it?

Thanks

HomeGuru · #6 10-17-2005, 08:37 PM

Quote:

Originally Posted by gentoo5

What are my options, if escrow company don't do it?

Thanks

**A: what? Did you or did you NOT use an escrow title company to complete your refinance?

gentoo5 · #7 10-17-2005, 08:41 PM

I used escrow company. They only sent me HUD and final closing statement.

HomeGuru · #8 10-17-2005, 08:55 PM

Quote:

Originally Posted by gentoo5

I used escrow company. They only sent me HUD and final closing statement.

**A: shall we dance? Look, the escrow/title company is the one you need to be writing to. They should have paid off the first mortgage. Now go to it.

gentoo5 · #9 10-17-2005, 09:01 PM

I will talk to escrow people again. Thanks for your help.

Ciarraine · #10 10-17-2005, 10:25 PM

Quote:

Originally Posted by HomeGuru

**A: you are supposed to use an escrow/title company. Call them.

Very good advice. Stop blaming your broker; he wasn't the person responsible for the certificate of satisfaction and is trying to be helpful to you by working toward a solution anyway.