First American buying B of A mortgage lien release business

 · First American Announces Agreement to Acquire Bank of America’s Lien Release Business Operations and Assets. The transaction is expected to close in the first quarter of 2018. Once the sale is complete, Bank of America’s lien release business and its employees will become part of First American’s Mortgage Solutions division, a leading provider of comprehensive solutions for residential lenders and servicers covering the entire loan.

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The most common type of voluntary lien is a mortgage (or trust deed, depending on which state you are in). As should be expected, this is a lien you voluntarily take out and the terms of that lien should be directly stated in a contract (or in the case of a loan, the mortgage/deed of trust and the note).

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Advice on removing old liens from defunt companies . 10 Replies. The first is from 1998 and is with wmc mortgage corporation. They were a subprime lender bought by GE in 2004 and later shut down.. GMAC Mortgage finally responded with a "release of mortgage" letter. I mailed that certified.

The transaction is expected to close in the first quarter of 2018, and the bank’s lien business employees will become part of First American’s mortgage solutions division. The terms of the transaction were not made public. "We’re excited to soon welcome the Bank of America lien release team.

Once the sale is complete, Bank of America’s lien release business and its employees will become part of First American’s Mortgage Solutions division, a leading provider of comprehensive.

BofA Accused Of Failing To Release Mortgage Liens. By. which requires release of a lien within one month after the related debt has been paid in full, the property owner said.. by year end.