We Are Unable to Locate….

Posted on February 15, 2011 
Filed Under GENERAL, GETTING AUDITED

So, we refinanced our house a few months ago. Today I get a letter from the previous bank, HSBC, which says, “We are unable to locate your original loan papers. Please accept this letter as a paid in full receipt, blah, blah, blah.”

So a major, major, global corporation has lost our paperwork? Doesn’t that mean I didn’t have to pay the loan at all? Well, too late, we paid it. Well, it’s certainly not just major corporations who are sloppy with their paperwork. In the not too distant past, I got a $12,000 reduction on case from an unnamed DOT regional office, because they could not produce the paperwork from a 5 year old previous action.

I guess my point is, if you’ve just been audited, and the DOT has found this, that, and the other thing missing, and told you how sloppy your paperwork is…. don’t feel too bad. Their paperwork is just as sloppy, except no one audits them.

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