If a house is re-mortgaged with a new bank does the new mortgage agreement become the valuable instrument?
And if the new bank offers the customer to make a full and final payment which is, say, 30% less than that which remains on the balance, is the full value of the new note obtainable once the contract is complete?
Printed copy · Anthology Volume 1, page 887Printed copy from The Tender For Law Anthology, Volume 1, page 887 (printed 14 June 2014). Added by this site; not part of the Facebook export.Filter by poster
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Stuart Stone
Once the new mortgage agreement is signed, then you can obtain the value of the original note.
Once the new mortgage is paid off, then you can claim back the value of the new note.
Each agreement you sign is another note, the value being whatever is the stated face value on the agreement, which can be demanded back once the business is complete.
I have retrieved the mortgage details from the solicitors who did the conveyancing (some agreements were completed more than 10 years ago). They will give you the mortgage company, purchase date, amount 'borrowed' and the account number.
Printed copy · Anthology Volume 1, page 887Printed copy from The Tender For Law Anthology, Volume 1, page 887 (printed 14 June 2014). Added by this site; not part of the Facebook export.
Filter by poster
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Stuart Stone
Printed copy · Anthology Volume 1, page 887