Q: I don't have mortgage satisfaction letter and he passed away how can I resolve because the wife is not helpful
I have a buyer for the house how can I get around her and put her money in escrow until we can resolve this matter at a later time ( I contacted her it was only a 5year mortgage)
A:
Although the specific facts of the situation depend on what legal rights you may have, if this mortgage has already been paid in full, the lender is required to satisfy the mortgage within a certain period of time. If it is not yet paid in full, and you plan to pay the mortgage at closing, then there is a process for notifying the mortgage holder so that they are aware of their obligation to satisfy the mortgage once it is paid off. Lenders face serious penalties if they fail to satisfy a mortgage after having been given proper notice.
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