I live in VA and recently completed a "Deed in Lieu of Foreclosure" on an investment property in NC. The deed was X-ferred Oct/09 and the bank that held the note (and now the Deed) REFUSES to send me any paperwork that says I am now released of this loan and do not own this property any longer. I believe I have a legal right to "GET it in WRITING" for my records. When I call the bank and am able to get thru to someone, they DO verify the Deed in Lieu is complete & I have also been verbally told the deficiency has been forgiven. My concern is, down the road, they will come after me for the deficiency. And I do not have any paperwork as proof. (I am ONLY able to see the Deed has been X-ferred by checking the NC Regestry web site)
1 Answer from Attorneys
You may have to travel to North Carolina and visit the bank's headquarters or other venue where you can get the written verification which you've been seeking.