Q: I have a question about the timeliness of filing the satisfaction. I paid on Apr10th and the company still has not filed
I have made several calls to the company and on May 10th was assured by a manager that the Satisfaction would be filed the next day electronically. They still have not complied and are holding up the refinance and purchase of another property. What recourse do I have? At this point additional phone calls are getting me no assistance. I have no faith in the information they are giving me now.
A: Missouri has a statute requiring a party to file the satisfaction immediately. A simple letter from an attorney citing the statute and threatening a motion to satisfy, plus holding the creditor accountable for any damages, ought to get this accomplished for you.
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