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Updated over 10 years ago on . Most recent reply
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Looking for a lawyer to fight with a bank
Hello guys,
I'm posting this for a friend of mine mother who's 70. I just got wind that this woman has the deed to her house but some years back when the old bank sold the loan to a new bank close to the end of her paying off the house, the new bank is stating that she owed several thousands still and instead of fighting them on it. she continued to make the payment. well she's now on a fix income and her daughter would like her to stop paying on a mortgage they provided proof on years ago that it was paid but fell on deaf ears with the bank.
I told her they need to get a RE lawyer to help them with this. They're in Philadelphia. I'm hoping to get some referrals her as they just didn't want to call up someone in the phone book. So if there's any RE lawyers on here or someone some of you guys have used and know their integrity that would be great and I can pass that along.
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- Real Estate Professional
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Iecus, you're misunderstanding the deed. Everyone who has a mortgage on their property, also "has the deed" to their property. It's not like a car title where the bank holds the title until the loan is paid. "Having a deed" means nothing. The Real deed is recorded in the public records, where the mortgage is recorded also. Follow up with the bank.