E
enjay1
Guest
What is the name of your state? ARIZONA
I have a property in AZ, that in 2003, I missed 4 payments due to job loss. I was living in another state at the time, and after finding employment, I phoned the Title company (who takes my payments and then sends them to "the Bank") and received the amount I owed (so I thought) and mailed them the payments. Apparently, one payment was still missing, and the bank had started forclosure procedures (?) and had an apprasial done even on the property. So now, after over a year, I receive my last two payments back from the title company as the bank "wont accept" them due to the amount I owe...which is upwards of 3K apparently, due to the late charges and fees associated with this appraisal etc. I never received ANY notice that I was behind a month, nor any notice of pending forclosure, until now (a year later!) And if I send my three payemnts in now (the missing payment and the 2 they sent back) the Title compnay insists that all the late charges etc will be deducted first, then the rest sent to the bank. All this seems very unscrupulous (sp) to me, does anyone know if the bank or title company has a LEGAL obligation to send a person a notice, such as certified mail?? Is there any suggestions on how I can avoid these "late" charges when I was never informed I was late? The Title company and the Bank obviously have a poor relationship, neither one seems to know what the other is doing/saying. Thank you in advance for any help, the sooner the better as I have to call again on monday...THANK YOU!!!!
I have a property in AZ, that in 2003, I missed 4 payments due to job loss. I was living in another state at the time, and after finding employment, I phoned the Title company (who takes my payments and then sends them to "the Bank") and received the amount I owed (so I thought) and mailed them the payments. Apparently, one payment was still missing, and the bank had started forclosure procedures (?) and had an apprasial done even on the property. So now, after over a year, I receive my last two payments back from the title company as the bank "wont accept" them due to the amount I owe...which is upwards of 3K apparently, due to the late charges and fees associated with this appraisal etc. I never received ANY notice that I was behind a month, nor any notice of pending forclosure, until now (a year later!) And if I send my three payemnts in now (the missing payment and the 2 they sent back) the Title compnay insists that all the late charges etc will be deducted first, then the rest sent to the bank. All this seems very unscrupulous (sp) to me, does anyone know if the bank or title company has a LEGAL obligation to send a person a notice, such as certified mail?? Is there any suggestions on how I can avoid these "late" charges when I was never informed I was late? The Title company and the Bank obviously have a poor relationship, neither one seems to know what the other is doing/saying. Thank you in advance for any help, the sooner the better as I have to call again on monday...THANK YOU!!!!