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Business, 27.05.2021 23:40 jadensababe9151

XYZ title company is closing a transaction for Bob Buyer and discovers a mortgage still of record from Community Bank. In fact, Bob paid the mortgage off six months earlier. Bob Buyer gets a call from his lender, BOA, that they can't close the loan because of the Community Bank mortgage. Bob loses a month's time and the interest rate on his loan goes up a half point while Community Bank records the satisfaction. What are the rights of the parties?

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