Calling a Note??

[Ray Orellano]

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

Thanks!
Ray

[Account Closed]

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!