[StBernard] demand letter for mortgage
Westley Annis
westley at da-parish.com
Wed Feb 8 22:39:13 EST 2006
What SBA is looking for is a "demand letter" or "mandatory pay-off" letter
stating that your mortgage company made you pay off your existing mortgage.
If the letter does not state that the mortgage company demanded you pay them
in order to give you what was left of your insurance proceeds, then the SBA
will not approve your loan.
Crazy but true.
Gculotta
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