business property insurance florida
Title records of the company?
If a title company in Florida goes bankrupt how to obtain a copy of your settlement and end of things? They paid out an equity loan with my bank I like to use at the time I sold my property in its entirety. Several months later, I asked a line of credit cards through this same bank, who gave it. Now the bank says it gave me the credit line based off of my equity loan and have no record of my equity line is closed. The bank balance shows the equity loan is paid in full, and also have a copy of the satisfaction of original lender when I sold, but said the account was never closed. I discovered the error when I received a letter saying he had a property insurance he has not. When I contacted them and tried to fix the information, the bank got scared and threatened. I called a lawyer who said he contacted the company title and get some documents, but the title company is no longer in business. Any ideas?
First, note that there is a difference between paying a credit line and closing line. You can pay online, and still keep it open for future use. Your title company should have written to the bank that held its line of credit for a Bill Payment. The statement shows the amount needed to repay the loan, the fees associated with payment and what are the requirements to the satisfaction of repaying the loan in full. Moreover, for a credit line, which should having to approve and sign the declaration and its approval to close the line completely. His signed statement should have returned to the lender with the paycheck. Call your bank and explain what happened. Ask them what to do in order to completely close the line. They can submit a form to you or simply ask you to send a written request. Make sure the document you mentioned, and the dates and times. Find out about what time frame for the line is closed once you've done what I asked, and be sure to follow. FYI, if the satisfaction is of the first mortgage holder, which means nothing to your bank than the first lien has been paid in full. I'm curious to know what he has threatened. The fact is that the loan has been paid, no money is owed. If you can remain calm and patient, this really is an easy solution. Email if you have further questions.
