Re: What is an ESTOPPEL agreement? - Posted by Stacy (AZ)
Posted by Stacy (AZ) on December 15, 1998 at 14:52:58:
I’ve only heard of an estoppel letter. An estoppel letter is where the owner of a note documents the current state of the note, such as the remaining balance, whether the payments are current, etc, in preparation for selling the note. It’s one piece of documentation a note buyer needs to buy the note.
Maybe there are other uses for it, but this is the only one I know of. Maybe one of the REI experts will correct me, or add to this.