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Updated about 12 years ago on . Most recent reply

Ray Orellano's profile image
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Ray Orellano
  • Real Estate Broker
  • from Leawood, KS
  • Member since Jan 27, 2013
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Ray Orellano's profile image
Ray Orellano's profile image
Ray Orellano
  • Real Estate Broker
  • from Leawood, KS
  • Member since Jan 27, 2013
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Ray Orellano
  • Real Estate Broker
  • Leawood, KS
23
Votes |
150
Posts
Buying & Selling Real Estate

Calling a Note??

Ray Orellano
  • Real Estate Broker
  • Leawood, KS
Posted

I was curious what would make a bank call a note? If they did what are my options?

Thanks!
Ray

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Account Closed
  • Investor
  • from Central Valley, California
  • Member since Mar 9, 2012
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Account Closed
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  • from Central Valley, California
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Account Closed
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  • Central Valley, CA
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Account Closed
  • Investor
  • Central Valley, CA
Replied

You can read the terms of the note and mortgage/deed of trust and the loan docs for what the lenders considers a default or violation and what will trigger calling the note. Sale of the property, waste, property tax default, lapse of insurance, fraud upon application...lots of info in the note and loan docs. Happy Reading!

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