March 23, 2023

Foreclosure of existing loan

The first thing that you need to do if to apply for a foreclosure, get a statement of account and list of property documents from your existing lender. If the old lender does not release the property documents, the new lender can release the payment against a letter from the prior, having details of the legal papers held by them and the number of days it will take them to release the documents, after loan settlement.

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