My question involves real estate located in the State of: New York
I am a week away from closing on my coop apartment in NYC and the title search has revealed a ucc1 still active on my report. the issue here is that the ucc1 was filed by Washington Mutual bank for a loan on my coop that I had since refinanced with CountryWide bank. Washington got taken over by JP Morgan Chase and Country got taken over by Bank of America. Most of the loam term was under B of A and was paid off in 2013. My issue is that when I refinanced, Washington never filed to release the lien(ucc1) when Countrywide paid off Washington mutual(I'm assuming that this is they way it is done when you refinance with a different lender). No one, including the attorneys, has any evidence of a release of the lien from Washington Mutual. I have the stock certificate and propriatary lease in my possesion and would think that would be proof satisfaction, since that was the collateral for the original loan. I have moved all of my possesions out of the apt to a new city and am paying for an extended stay hotel. Im not sure what to do. I have attorneys working on the matter but I'm not sure of their expertise in this area.
Thanks for any advise.
NB
I am a week away from closing on my coop apartment in NYC and the title search has revealed a ucc1 still active on my report. the issue here is that the ucc1 was filed by Washington Mutual bank for a loan on my coop that I had since refinanced with CountryWide bank. Washington got taken over by JP Morgan Chase and Country got taken over by Bank of America. Most of the loam term was under B of A and was paid off in 2013. My issue is that when I refinanced, Washington never filed to release the lien(ucc1) when Countrywide paid off Washington mutual(I'm assuming that this is they way it is done when you refinance with a different lender). No one, including the attorneys, has any evidence of a release of the lien from Washington Mutual. I have the stock certificate and propriatary lease in my possesion and would think that would be proof satisfaction, since that was the collateral for the original loan. I have moved all of my possesions out of the apt to a new city and am paying for an extended stay hotel. Im not sure what to do. I have attorneys working on the matter but I'm not sure of their expertise in this area.
Thanks for any advise.
NB
Liens and Encumbrances: Cannot Obtain a Release of of Lien from a Failed Lender
Aucun commentaire:
Enregistrer un commentaire