A friend of mine sent me the following regarding her Mortage - any advice would be welcome:
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On 2/15 I called my Mortgage co to check the principal balance on my house. The last statement I had from January 17, 2008 said it was 817.52, woo hoo right? Less than a thousand dollars in principal due. Anyway, I am forwarded to a Law Office, a FORECLOSURE Attorney. I explained that I am NOT in default, and certainly not any where near foreclosure. I have made all my payments and only owe $800 on the mortgage!
This is a good one, the mtg co. says my principal balance is 406.07, even less than my figures. They have actually turned over a loan to foreclose that only owes 406.07 TOTAL principal. Even with the rest of escrow and taxes for '08, I owe a grand total of $2102, and every cent I owe on the property is paid. Imagine my surprise...I call to pay off the principal and I find out I am in foreclosure...no default notices, no demand letters, NOTHING! Granted, I know it will not go to foreclosure. I have a payment history from the last year. If I had to I could pay the entire $2100. Apparently they said it went into default in April, and I did not make pmts from April to August. I have the western union receipts showing I did make payments. And of course they say they got them, one each and every month, but ABN Amro was bought out by Citimortgage in September. So, apparently even thought they showed I was 4 pmts behind, they took ONE Payment each month from me for 8 months...(ya right, they are going to let you fall that far behind and only make 1 payment a month) So now I have to wait for the atty to get the pmt record from Citi and sort out the slip up. In the mean time...I am so upset by this whole thing I have had constant heart palpitations and a unceasing migraine. I have spoken to the V.A. because it is a VA loan. They rec'd a notice of default in August. I asked for a copy of that since they are the only ones who got any notice at all. It states that I fell into default in April. I have all the records to show the payments were made, I just can't do anything until I hear from their atty. The VA said this is not even a foreclose-able amount, it is a 'write-off' amount because it will cost more to foreclose than what I actually owe. I told her "I don;t want to write it off, I want to pay it off" But Citimtg is so STUPID, they won't discuss it with me. I told them if I don't hear from them this week I am going to the TX Attorney General.
