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Debt Relief – Insolvency – Bankruptcy Information » Foreclosure Law » We are trying to refinance our house. The attorney from the re-financing bank contacted us and stated?

We are trying to refinance our house. The attorney from the re-financing bank contacted us and stated?

the original deed was invalid. When we originally purchased this house, the house was in foreclosure, owned by the bank. The house had a POA attached to it and the POA signature was not on the original deed at foreclosure, just the bank’s signature, The original attorney is deceased from the original closing. The re-financing attorney is asking us to resign our paperwork from the original closing….and will not explain to us what all of this means, please help. Do we “technically” have rights to our house? What does an invalid deed mean?

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4 Responses to "We are trying to refinance our house. The attorney from the re-financing bank contacted us and stated?"

  1. APN says:
    Dont panic.

    Just because some paper work seems bad, it doesn’t mean that you have no rights. It is your house and so long as you have other proof of payment, nobody can chase you out.

    As to the paper work, in my country (India), POA (presumably Power of Attorney) doesn’t necessarily mean a lawyer. You have to find out to whom the the original POA holder assigned the power and get that party to sign over the sale deed to you. The POA became invalid once you bought the house and thats what matters.

    OK

  2. the kid says:
    Get your OWN attorney to explain it.
  3. Calvin C says:
    I have no idea how you can “go back” and sign papers. They should be at the registry of deed already. Remember this closing attorney works for your lender not you. Since you have a loan you have existing title insurance I would go to them and get their lawyers involved since the insurance will pay for it all and make sure your tittle is going to be clean. You will loose this tittle insurance when you refinance and generally of course get a new policy but stopping now and knowing is far cheaper. While you are at it if you can buy your own tittle insurance the coverage you get with the lender only covers the lender you get nothing from it even though you pay for the premium
  4. jjackson says:
    Our attorneys are the top av rated law firms in the contry. Deal with home purchase, tenant issues forclosure. here is my website jonathanjackson.buildlastingsuccess.com and watch this video about foreclosure youtube.com/legalshieldvideo, If you have any questions feel free to email me jjacksonjdog3@yahoo.com

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