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Today I got a certified letter from the BOA attorneys : the letter states as follows:
RESCISSION OF ACCELERATION OF LOAN MATURITY
"This letter is formal notice of the following:
Mortgagee under the deed of trust below hereby recinds the notice of acceleration dated 08/08/10 and all prior notices of acceleration. This recission of acceleration does not waive or suspend the rights,interests, or claims of Mortagee, its successor or assigns and collect in the future the debt owed by borrower. Mortagagee has appointed the undersigned as its duly agent to execute this instrument on its behalf for the purposes herein stated"
Can someone please advise the meaning of this letter and what if anything to expect in the future?
Looks like at one point they were calling the mortgage due & payable because something they didn't like happened... but they changed their mind.
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