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Started By
Message
shite must be getting real with mortgage companies.
Posted on 2/9/15 at 5:28 pm
Posted on 2/9/15 at 5:28 pm
So I missed last months payment to bank of america by 2 weeks. Electronic banking has the credit card right next to the mortgage. Sent credit card our mortgage payment. Caught it Saturday night can caught them up with this months check as well....
Today two certified letters arrived saying they are going to foreclose. One for late payment last month and one for this month ( which isn't late until the 21st)...
Damn
Today two certified letters arrived saying they are going to foreclose. One for late payment last month and one for this month ( which isn't late until the 21st)...
Damn
22
Posted on 2/9/15 at 5:29 pm to thejudge
Pay your bills, brah.
ETA: you knew it was coming.
ETA: you knew it was coming.
This post was edited on 2/9/15 at 5:30 pm
Posted on 2/9/15 at 5:30 pm to thejudge
You really shouldn't post this on this forum, bro.
Posted on 2/9/15 at 5:34 pm to thejudge
Wells Fargo? Those frickers are relentless. They start calling a week before the due date.
Posted on 2/9/15 at 5:37 pm to thejudge
What's a mortgage ?
Posted on 2/9/15 at 5:41 pm to thejudge
Judge, you're gonna live with me now. I'm gonna take care of ya, cause I love ya.
Posted on 2/9/15 at 5:42 pm to thejudge
OT Baller status revoked. Return your card to Chicken ASAP.
Posted on 2/9/15 at 5:45 pm to shutterspeed
Posted on 2/9/15 at 5:47 pm to thejudge
My mortgage is autodraft
Posted on 2/9/15 at 5:50 pm to thejudge
maybe you should try to pay your bill correctly, moron
Posted on 2/9/15 at 5:51 pm to thejudge
A couple of years back my (major) insurance carrier sent proof of homeowner's insurance to the wrong mortgage company address because they had old data on file. At the time my mortgage was with one of those too-big-to-fail banks.
The mortgage company sent me a pile of bills for a punitive stop-gap policy at something like twenty times the going rate.
It took months of dealing with red tape and threats to prove I'd always had insurance, and to get the bills removed.
So yeah, mortgage companies pretty much stink.
The mortgage company sent me a pile of bills for a punitive stop-gap policy at something like twenty times the going rate.
It took months of dealing with red tape and threats to prove I'd always had insurance, and to get the bills removed.
So yeah, mortgage companies pretty much stink.
This post was edited on 2/9/15 at 5:53 pm
Posted on 2/9/15 at 5:51 pm to thejudge
As a banker first; my sympathies for having to deal with B of A. No way they foreclose that soon and add to their growing ORE portfolio. Regulators have given mortgage divisions added time to work out credits so as not to load up any more inventory. You're fine!
Posted on 2/9/15 at 5:51 pm to thejudge
auto draft as Other poster stated.
This post was edited on 2/9/15 at 5:56 pm
Posted on 2/9/15 at 5:52 pm to Shexter
WF is heartless
Posted on 2/9/15 at 5:54 pm to Diver
No way I put my mortgage on auto pay!!!! Again, I work for a bank and I can promise you, they will **** that up and then good luck getting your money back in a timely manner!!!!!!!!! Trust me
Posted on 2/9/15 at 5:54 pm to thejudge
quote:
So I missed last months payment to bank of america by 2 weeks. Electronic banking has the credit card right next to the mortgage. Sent credit card our mortgage payment. Caught it Saturday night can caught them up with this months check as well....
Today two certified letters arrived saying they are going to foreclose. One for late payment last month and one for this month ( which isn't late until the 21st)...
Damn
Im confused. You missed a payment so they charged your credit card for the mortgage payment.
Posted on 2/9/15 at 5:56 pm to Double Oh
no, he's a moron and tried to pay his mortgage but instead he paid his credit card bill.
Posted on 2/9/15 at 5:58 pm to thejudge
Pretty sure banks have to wait 90 days to start foreclosure process. One missed payment is not enough to start that process due to the national mortgage settlement signed by the big banks like Wells Fargo a couple of years ago. You had to missed a few payments.
Posted on 2/9/15 at 6:01 pm to Diver
quote:
No way they foreclose that soon and add to their growing ORE portfolio. Regulators have given mortgage divisions added time to work out credits so as not to load up any more inventory. You're fine!
Safeguard manages BoA properties and actually acquired their field services division a few years back so BoA has no skin in the game on that side of it. BoA also gets reimbursed by HUD, FHA, etc for the majority of the work done on maintaining their portfolio. I doubt they care too much.
Posted on 2/9/15 at 6:03 pm to stout
True, but when the loans fail, they look back to who underwrote the credits and too many and then B of A has to change U/W standards and put up reserves which both cost money!!
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