Gary_in_Indiana
Elite Member
- Joined
- Apr 22, 2002
- Messages
- 3,373
- Location
- Fort Wayne, IN
- Tractor
- John Deere 4200 MFWD HST w/ JD 420 FEL w/ 61" loader bucket & toothbar & JD 37 BH w/ 12" bucket
Re: Nobody\'s Fault, I loose
A few years back a couple of my rental properties carried mortgage loans with the same lender. For years I simply wrote two separate checks and put them along with the two separate payment coupons into the same envelope and mailed them. Sounded simple enough and it worked.
One day I get a notice in the mail about a delinquent payment. I checked my bank account and each check had cleared so I ignored it. Another month, another notice and another call to my bank and I again ignored the somewhat more stern letter.
After month three the phone calls started. By this time I wasn't happy with them and told them so. Of course I was told, "Our records show..." My response was, "That's the problem. Your records are wrong."
Being the stubborn sort, when they told me I'd have to produce cancelled checks, etc., I told them I didn't work for them and wasn't doing their job.
About month six I get a foreclosure notice. I then decide to get to the bottom of this whole mess only to find they had somehow decided to apply both checks every month to one account. I was thousands of dollars ahead on the other account while within days of foreclosure on the other.
Their only excuse was "Some people send extra checks to be applied to principle on their loans."
"In the exact amount of the payment on another account they're not paying?" They finally handled everything, but what a nightmare.
A few years back a couple of my rental properties carried mortgage loans with the same lender. For years I simply wrote two separate checks and put them along with the two separate payment coupons into the same envelope and mailed them. Sounded simple enough and it worked.
One day I get a notice in the mail about a delinquent payment. I checked my bank account and each check had cleared so I ignored it. Another month, another notice and another call to my bank and I again ignored the somewhat more stern letter.
After month three the phone calls started. By this time I wasn't happy with them and told them so. Of course I was told, "Our records show..." My response was, "That's the problem. Your records are wrong."
Being the stubborn sort, when they told me I'd have to produce cancelled checks, etc., I told them I didn't work for them and wasn't doing their job.
About month six I get a foreclosure notice. I then decide to get to the bottom of this whole mess only to find they had somehow decided to apply both checks every month to one account. I was thousands of dollars ahead on the other account while within days of foreclosure on the other.
Their only excuse was "Some people send extra checks to be applied to principle on their loans."
"In the exact amount of the payment on another account they're not paying?" They finally handled everything, but what a nightmare.
