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Company Loan Type APR Est. Pmt.

Deed of Trust Wrong property

Posted on: 23rd Apr, 2009 08:49 am
three days ago my husband and i found out that a deed of trust was on our property for a neighboors mortgage we never met 3 blocks away. it has been there for 10 years. the bank that handeled both our mortgages put in the wrong legal discription this went through two title companies and the county record of deeds. ours was a small second mortgage his was a full one. the bank is telling us they cant remove it unless the "neighbor" refinaces. why should he, and what is our recourse.
the bank is a federal bank with branches in our town but they put a young girl of 24 in charge of this and the president of the bank will not return my calls. this bank is considered a "preditory lender" (arent most federal banks though) and are very unforgiving if a depositor makes an error in a chekcing account but seem to want to take this error of theirs and sweep it under the carpet.
hi lmjm,

i think you should contact an attorney to seek a legal recourse because it is the lenders fault and they should be held responsible for it. why would your neighbor refinance? it is not their mistake.
Posted on: 24th Apr, 2009 02:43 am
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