Legal Question in Real Estate Law in North Carolina
real estate law after a divorse
What is the trustee's
liability(attorney) if a North Carolina
deed of trust has been paid in full on
time and the beneficiary refuses to
respond to correspondence from the
grantor and will not cancel the
promissory note satisfying the deed
of trust
Asked on 2/12/09, 2:51 pm
1 Answer from Attorneys
Jeff Rosner
Rosner Law Firm P.A.
Re: real estate law after a divorse
The secured creditor is the one that need to cancel it. See N.C.G.S. 45-36 et al to learn the proper steps on how to send notice to obtain cancellation. If the secured creditor does not cancel it after you have done what you need to do, you can bring a lawsuit and seek $1,000.00 penalty, costs and reasonable attorneys fees.
- Jeff
Answered on 2/12/09, 3:30 pm
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