In this particular case there were two original lenders. My solicitors (M&Y) and my company (MF). A bank agreed to advance funds to the borrower specifically to remove the MF loan, however, M&Y chose to use the funds to reduce their loan. The bank have claimed that they are subrogated to M&Y (as this suites their purpose) however, I now have evidence that it was the banks intention that their money was provided to repay the MF loan. Would you be willing to enter into an exchange of emails? Many thanks!
2007-08-15
22:13:59
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1 answers
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asked by
Anonymous
in
Business & Finance
➔ Personal Finance