Deed Of Trusts
Our builder gave us 22,000.00 as a second mortgage with a promissory note. After 7 years of paying the note with only statements showing up every so often, and 2 years without the 1098 interest to claim on our taxes. We looked at the promissory and saw we should have been paid in full this year. We wrote the final check and put final payment on the bottom in big bold letters. They deposited it . We sold our home and when the title co. asked our builder to release he said we owed him 29,000. We researched the problem and found bad accounting, inconsistant records among other bad business things. Can we get the $ back we lost in closings? :evil:
I'd think a hard, straight letter from your lawyer, backed up by your accountant's statement that he/she's checked your records & you've paid in full, etc., is going to solve this mess NOW.
A perfect lesson in why a note payor needs to keep his/her own books & records, as it often happens like this story...and as a lawyer, I've done exactly what your lawyer will do, and straightened these messes out with a single letter.
[addsig]