According to NAR’s legal summary: What the Freeman decision means for real estate brokerages “Suits alleging a violation of Section 8(b) of RESPA have been brought against real estate brokerages that…Continue
"Why do SS approval letters NOT have a paragraph where the borrower forever releases the bank from any and all claims arising from issues of origination, securitization, servicing, default servicing,…Continue
Patti Guilford has not received any gifts yet
Just received the new and improved WF Demand Statement 'Approval Letter' which clearly states that:
'nothing in this Demand Statement or in the release of the note shall waive the right to seek a deficiency under the loan documents or any of its other rights thereunder, and the obligations evidenced by the note shall remain in full force and effect until paid off.'
The letter starts off with Re: Demand Statement for Loan # xxxx
Has anyone had this verbiage on an Approval Letter from BAC?