Consumer Protection Law
Consumer Protection Law Questions? Ask a Lawyer Now.
Only late. Not behind. I had roof repairs to do after this past winter.
I am currant with payments, 2 were late, due to other payment to correct the roof, that was the only reason for being late, should I have just let the walls and roof fall apart?
No, the payments are currant, they were late only. I am up to date with my mortgage, no missed payments, they were late only. first month late, they have payment and second month late, they have payment also, this month is in mail. payments are due on first of month, I was told I had 30 days before being late. I know the last 2 were late, but I am not behind on the mortgage, I mean, I do not owe any month, all is up to date. ?
$25.00 insufficient funds, but my bank did not return the payment for that reason, but I sent that $25.00 in this last payment. When my mortgage was transferred, the notice said, I had 2 months, with no late fees or any fees relating to that. They are charging me $25.00 for insufficient funds. The copy of that check I saw in my statement they received it, their bank stamp, shows 8/14/2013, it did not get to my bank until 8/22/2013.The bank discloser statement says I could not be charged, or even reported to the credit bureaus for 2 months being late.
No. I did not think I needed to do that. I figured they would do that by themselves. since I was only late in payments and late fees were included in the payments, the last payment was sent to the main (first mortgage bank), since I had their payment coupon and did not have the collections bank payment coupon, I only new what the new payment amount was, from calling the New Banks customer service line, late I called again to check if payment was received When I got the new statement, they were asking for the last payment and also the new payment and the insufficient fund payment, for a total of $3,300 plus dollars, when they had that last payment, and that payment was in their hands on the 8/14/2013 one day before being late (incurring) a late fee. The first late payment had been made to the original bank (not the collections bank)
I understand that. Will that take me out of the collections bank? They said that the collections bank, and I only know that this is a collections bank from the phone calls, that this bank was servicing my account, so I am under the impression, that they sold the loan to this bank, but as I call them, it states in the recording first, that this is an attempt to collect a debt. Do you think by calling the original bank of America and explaining all of this, that they will put me, us back in the normal payment status. Is this the right thing that I should do, will it do any good? I don't understand why I was put into collections, just for being late. I know it was 2 months, but I was just late, not behind any month.
Okay. Thank you. You say contact BOA and explain to them the situation, payments are current and see what happens or they can do it at their leisure or do you think that the servicing bank, will send it back to them, when they see that the payments are being paid as normal on a regular on time payments?
Okay then. Thank you very much Alex, for your help. Joe
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).