banking promisary nate

From: karena Email: [email protected]
Subject: banking promisary nate

a Home Equity loan was taken out and all papers were thought to be filled out and signed. after moneys has changed hands Bank sends a promisary note in the mail to be signed a month later.What can be done if this note is not signed and sent back to the Bank? Will the bank call the loan? money has already been disbust.

From: Steve Ikeda, SJ Fowler Real Estate Email: [email protected]
Subject: RE: banking promisary nate

In most cases, somewhere in your documents that you signed,
there probably was a statement that said: if a document was
inadverdantly left unsigned, that the loan would not
automatically be cancelled. There probably is another
statement that also said that if: the above occurred, that you
as the borrower would cooperate in signing any unsigned
documents. Carefully read through you documents to see if
you can find these phrases. If not, you probably would still
be obligated to pay for the loan as you normally.

Thats just my opinion, someone else's may differ.

Steve Ikeda