• Monday, April 19th, 2010

foreclosure fraud california

Do banks have to accept registered US treasure notes as a form of payment?

We sold our 2 homes to an investor that has paid off our lender with a promissory notes backed by registered US treasury bonds. We understand that our lender must accept this form of payment under federal law but not state law. (California) So far they have not and they began foreclosing on us and suddenly stopped the foreclosure process in mid stream. The investor says he will fight the lender until the case goes to federal court. He is paying full price and then some. We have contacted several government agencies including the FBI and no one will say that this is true or untrue or even a fraud. Can anyone shed some light on this.
Thanks,
Gandi

At the time of closing, the following are acceptable
1. Personal check (takes 7-10 days to clear)
2. Money order – USD
3. Cashier’s check payable in USD.

So, no they don’t take those funds or you would have closed by now. Don’t try to put a square peg in a round hole, knowhuddImean Vern?


foreclosure fraud california

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