What is the name of your state?What is the name of your state? CA
New re-fi going to Lender B. Lender B, with our signed request, sent a pay off demand to Lender WS. Lender WS had not responded and we called today and found out that Lender WS said they wait 10 days before responding to demand.
Since receiving the request, Lender WS has tried to contact us no less for 3 dozen times by mail and phone trying to get us to re-fi thru them, we keep telling them forget it. Obviously they are trying to hold up the payoff to get us to re-fi with them which we won't, but it is also hurting us financially b/c the re-fi hasn't gone thru yet, b/c of this 1 unresolved issue.
Q: Can Lender WS, or any lender for that fact, legally wait for 10 days before choosing to respond to a pay off demand sent to them?
New re-fi going to Lender B. Lender B, with our signed request, sent a pay off demand to Lender WS. Lender WS had not responded and we called today and found out that Lender WS said they wait 10 days before responding to demand.
Since receiving the request, Lender WS has tried to contact us no less for 3 dozen times by mail and phone trying to get us to re-fi thru them, we keep telling them forget it. Obviously they are trying to hold up the payoff to get us to re-fi with them which we won't, but it is also hurting us financially b/c the re-fi hasn't gone thru yet, b/c of this 1 unresolved issue.
Q: Can Lender WS, or any lender for that fact, legally wait for 10 days before choosing to respond to a pay off demand sent to them?