This sounds like something has happened to the original paperwork. Possibilities include:

- Fire or catastrophe is believed to have destroyed it.

- It was accidentally thrown out.

- It was stolen.

- The loan was sold to another company, and something subsequently happened to that company (Hurricane Katrina caused many occurrences of this).

The last part says that if someone subsequently finds the original paperwork and demands payment for the loan, the bank will pay it if a judge orders payment.

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teflon class action lawsuit Caribbean vacation

I think it means its time to party!

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Dan Connolly
Atlanta Georgia
Atlanta Georgia Real Estate
Atlanta Foreclosures
Search for Atlanta Real Estate

The bank may have lost your note, but that is not the only copy around. Have you paid off the note and waiting on a release of lien or something or do you still owe on the note.

The bank may have lost it temporarily... however, it was likely recorded at the courthouse which would house the paper files in an archive somewhere. But, also it may have been converted to electronic archival means. Plus the title company will probably have an archive as well.

The county clerk may have made it available online and also stored in an electronic format in a cave in Idaho or somewhere.

If you still owe money, you still owe money. If you have paid it off, somehow, somewhere, someone needs to document that you don't owe anything else. Good luck.

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Randy Watson Texas Real Estate Agent
Mission Realty-San Antonio Real Estate
San Antonio Real Estate

That's the best news I've heard all day!

Here's what you do:
Check with the local county clerk to see if there is a lien on your house. If not, sale you house, collect the full proceeds, and run far, far away! Don't never come back!

*Note: This does not constitute for legal advice. Please seek the advice of an attorney (preferable licensed)

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Ronnie Bredahl

Austin Real Estate
Austin Texas Real Estate

I'd be taking your banker out to the bar for a drink...drinks on you

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Tampa Real Estate | Tampa Foreclosures | Tampa Real Estate Blog

Team Masse services the Tampa Bay Real Estate market as well as the following areas: Apollo Beach, Riverview, Ruskin, Brandon, Lithia, Valrico, Gibsonton, South Tampa, and Channelside District along with St Petersburg and Clearwater. Referals are always welcomed and given.

That's got to be the dumbest bank story I've ever heard. Regardless, there are multiple copies of your loan. Your lender has it. The bank they sold it to has it. Title has it. You have it. It's just a matter of time before somebody digs up another copy.

I'd just keep making your payments. If they're not billing you, make the payments into a savings account. When they get their crap straightened out, they're going to come for the money. You'd better have it or you will be heading to the bar for drinks ... but not in a good way.

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Denton Real Estate is the premiere website for home buyers in the North Texas area. If you're looking for Denton, Tx Real Estate, find your way home at DentonRealEstate.com.

Most of these posts are just wet dreams...we all know that there are backup documents of the notes...cant we just dream alittle

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Tampa Real Estate | Tampa Foreclosures | Tampa Real Estate Blog

Team Masse services the Tampa Bay Real Estate market as well as the following areas: Apollo Beach, Riverview, Ruskin, Brandon, Lithia, Valrico, Gibsonton, South Tampa, and Channelside District along with St Petersburg and Clearwater. Referals are always welcomed and given.

If this is off topic mods are free to delete. I had a friend in college that had a job over the summer. Anyway when school started he keep getting auto payments into his account. Every month he would check his account.

Anyway long story short they finally figured it out and asked for the money back. He had not spent any of the money so he was able to repay it all.

All that said it would be cool to not to have to repay it.

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Ki Gray - Austin Realtor

Working in Austin his site covers the Austin Real Estate market. If you are considering investing in Austin be sure to check out his Austin Real Estate Blog or look through some of the Austin Homes for sale on his site.

How much did they end up depositing before they realized what was going on

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Tampa Real Estate | Tampa Foreclosures | Tampa Real Estate Blog

Team Masse services the Tampa Bay Real Estate market as well as the following areas: Apollo Beach, Riverview, Ruskin, Brandon, Lithia, Valrico, Gibsonton, South Tampa, and Channelside District along with St Petersburg and Clearwater. Referals are always welcomed and given.

I dont remember exactly. I think about 650 a week for 2 months. Considering his age at least he practiced good restraint to not spend any of it.

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Ki Gray - Austin Realtor

Working in Austin his site covers the Austin Real Estate market. If you are considering investing in Austin be sure to check out his Austin Real Estate Blog or look through some of the Austin Homes for sale on his site.