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#1588925 - 08/08/11 04:16 PM Refinance Commercial Property
Valley Girl Offline
100 Club
Joined: Feb 2008
Posts: 142
Our bank is refinancing a property from another institution. The property is strictly commercial. Our bank is also taking additional property as collateral - a dwelling. In order for this loan to be HMDA reportable, the previous loan would have had to be secured by a dwelling. But we don't know that it was. I'm assuming we do not have to ask the former institution if their loan was dwelling-secured?

Thanks!

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#1589089 - 08/08/11 07:01 PM Re: Refinance Commercial Property Valley Girl
Mrs. Rizzo Offline
10K Club
Mrs. Rizzo
Joined: Mar 2006
Posts: 10,392
Curled up by the fire...
Can you take a peek at the title? That would show liens.
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Take responsibility for your life.

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