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Response to Full and Final Settlement

from marne small (marne_s@hotmail.com)
Sorry please accept the correct version of the letter

Hi All

Sorry about yet another question - but can anyone decipher the following speal:

We can confirm that our client are prepared to accept the sum of £xxxx in full and final settlement of your liability from the sale of xyz.

We would advise that this arraangement is conditional upon receiving the cheque by the "date". In the event that we dont receive we will withdraw the offer.

Acceptance of the agreement sum in full and final settlement of the debt due to our client is in respect of such sums due to the bank after realisation of any security held by the bank, whether heretible of collateral, at the time of acceptance or any time over the duration of the mortgage, unless specifically agreed otherwise by the bank, and in writing.

The settlement that has been reached is in satisfaction of your liability under the terms of the mortgage deed.

Further to this letter I paid the sum, this was a joint mortgage so my ex partner may have dealt with them - there was only one house involved and I have rented since.

But feel wary that the conditions above are not clear so would appreciate any advise

Thanks - Marne

(posted 7506 days ago)

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