make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

If Memory

serves me correctly, there may be a legal requirement to record the document if its term is greater than 2 years. This was a 10 year contract for deed. A couple of follow up points: 1. During the time payments were made, who maintained insurance on the property? 2. During the time payments were made with an interest rate of 9%, were the Buyers provided with an annual interest statement for use in filing income tax returns? 3. The file, at the Courthouse, is a public record. If the bank dismissed the action, there will be a letter to the Clerk of the Court in the file. If the action was merely postponed, there will be confirmation from the Bank's attorney to that effect. Someon should take a look at the file.

Reply

The content of this field is kept private and will not be shown publicly.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.