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  • Writer's pictureKaplan Blumberg

Early Settlement Of Mortgage Loans

When a bonded property is sold, transfer to the new owner may only proceed once the seller has settled the mortgage loan with the bank and the bond itself is canceled in the deeds office.

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This article is not intended to constitute legal advice and is produced for information purposes only and to provide a general understanding of the legal position relating to the topic. It is recommended that advice relating to the specific circumstances of your situation be sought from our attorneys before acting upon the content of this article. This article was written at a particular point in time and accordingly may not always reflect the most recent legal developments, if any, applicable to the relevant topic. Kaplan Blumberg and its partners and/or employees, are not responsible for any consequences which may follow upon any decision taken to act upon the information provided in this article.

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