Here is scenario I had happen to me about 20 yrs. ago.
Mortgage co. A sold my mortgage to Co. B. I was never notified of this. I never missed a payment and was getting manilla envelopes from the NEW company and I thought they were advertisements and never opened them. Then the Sheriff showed one day with papers with eviction notice if that's what it's called.
I did have to get an Attorney and it still cost me, both companies said it was the others responsibility to notify me. The new company even though the old one forwarded the money (after nearly a year) still considered me late for 10 months. I paid that house off and I never have received close to $600.00 I was due back in late fees. When I paid it off I tried to deduct the money owed me and they kept returning my check and my attorney said I had to pay it and would be reimbursed. So I was out about $3,000.00 in attorney and court cost as well as the late payments. As per my attorney there was a class action law suit against bank B so he could do nothing to recover my money. I used to receive little post cards telling me of the status of the suit but they just stopped one year and I have tried to research it but never found anything.
Can I name the two companies involved here?
So maybe with the refy you may be dealing with more then one bank, I would check.
Mortgage co. A sold my mortgage to Co. B. I was never notified of this. I never missed a payment and was getting manilla envelopes from the NEW company and I thought they were advertisements and never opened them. Then the Sheriff showed one day with papers with eviction notice if that's what it's called.
I did have to get an Attorney and it still cost me, both companies said it was the others responsibility to notify me. The new company even though the old one forwarded the money (after nearly a year) still considered me late for 10 months. I paid that house off and I never have received close to $600.00 I was due back in late fees. When I paid it off I tried to deduct the money owed me and they kept returning my check and my attorney said I had to pay it and would be reimbursed. So I was out about $3,000.00 in attorney and court cost as well as the late payments. As per my attorney there was a class action law suit against bank B so he could do nothing to recover my money. I used to receive little post cards telling me of the status of the suit but they just stopped one year and I have tried to research it but never found anything.
Can I name the two companies involved here?
So maybe with the refy you may be dealing with more then one bank, I would check.
