Patti Guilford's Blog (2)

WF new and improved Demand Statement 'Approval Letter"

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



Added by Patti Guilford on June 21, 2012 at 1:24pm — 3 Comments

reported as "Charged Off and remaining balance outstanding" Approval Letter

Has anyone had this verbiage on an Approval Letter from BAC?

Added by Patti Guilford on November 11, 2011 at 1:34am — 2 Comments


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