Partial Release Agreements

[tomfromtn]

What is the name of your state? TNWhat are my options if I cannot get my mortgage company to approve my Partial Release Agreement to sell my neighbor 0.843 acres of my land? I have already spent over $600 and my neighbor has spent over $400 to complete the mortgage company's requirements.

 

[BelizeBreeze]

ahhhhh, maybe ask them what they need to complete the transaction?

 

[tomfromtn]

I get a different answer everytime I talk to someone at my mortgage company.

 

[nextwife]

Have you provided an appraisal establishing the value of your place without the property you want to sell?

 

[tomfromtn]

Yes. The the one I sent them has the Value before selling and the value after selling the 0.843 acres of land.

 

[HomeGuru]

What is the name of your state? TNWhat are my options if I cannot get my mortgage company to approve my Partial Release Agreement to sell my neighbor 0.843 acres of my land? I have already spent over $600 and my neighbor has spent over $400 to complete the mortgage company's requirements.

**A: do you have a written letter spelling out the requirements for a release?

 

[tomfromtn]

Yes I have the letter that states the requirements to meet the partial release.

 

[HomeGuru]

Yes I have the letter that states the requirements to meet the partial release.

**A: and if you fulfilled all the requirements, what is the problem?

 

[tomfromtn]

They say I am deliquent and I am not.

 

[HomeGuru]

They say I am deliquent and I am not.

**A: then pay what they say you owe, have then release and sell the parcel. Then after fight them with the evidence.