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- broker_GRI
- Contributions:3454
KD, keep talking to people at your mortgage company until you get someone to work it out w/you. They can.
- broker_GRI
- Contributions:3454
I'll tell you what I told Denver...a box of Godiva and a bottle of port wine
- KD in Texas
- Contributions:859
I just got the Godiva as a Christmas present from a vendor. I'll take your advice!
- broker_GRI
- Contributions:3454
You are gonna’ like it a lot KD (hope it's the chocolate kind)
I wish you all the best, these are challenging times
Didn't the dingbats notice that a payoff demand was requested? What a bunch of maroons. I guess these banks are so used to people quitting making their payments, the assume the worse.
- Durenda FachtmannCEC CRS GRI, "Durenda"
- Contributions:512
Kd
Your closing agent should have sent an estoppel letter (or notice) to your lender as well as have received written payoff (via fax or email)
Just a suggestion:
When you close, ask your closing agent for copies of both and keep them in your file in the event the lender reports late payment.
Best of luck
- farmd0g
- Contributions:702
Geesh! Whatta grouch.
No sh!t farmd0g, perhaps he can better consult if he knew what he was talking about.
- rockinblu
- Contributions:7202
the a man
please go back where you came from. before you go, you owe marci an apology. if anyone should be banned on this board it should be you . i flagged you.
Thanks rock.
- Hamp Yonce, "Zilluminati"
- Contributions:3463
This happens all the time. I have never seen a lender, that was not willing to take it off the credit report, if it does go 30 days late. They should have made the payment, but it shouldn't be a big deal. Most Lender's payoff depts don't communicate with their collection or servicing depts. The payment was due, pending sale or not. They don't say if it is just 10-20 days late or 30-40. If it were me and it was going to be over 30, I would send the money. That causes anew payoff letter to be needed and a new $30 charge for said payoff letter. I always have this discussion with my people becuz I am the consumate pro. But I couldn't expect all others to live up to my standards.
Here, it's rare for an escrow to go over 30 days, and I have never heard of the banks giving collection calls to the sellers. The payoff is from the time it is requested until the closing date, so I don't understand the confusion. Are you calling me a moron too? ;)
- rockinblu
- Contributions:7202
i voted for hamp.
marci
you are certainly welcome. he really had no cause for a remark like that. i think hamp put the right spin on it. i still no nuthin, but i think hamp knows a lot more than the a man, and put the point across.
- rockinblu
- Contributions:7202
careful marci
hamp might slide into an alias too. you know how those alias's are. lol
LOL Hamp adores me - he just can't admit it because he's mad at agents right now.
- Hamp Yonce, "Zilluminati"
- Contributions:3463
I'm just saying that we don't have enough info to discern the severity of the issue. And a pending sale that is happening on 12/26 doesn't make the 12/01 payment unnecessary, it makes it optional, if you are willing to pay the late fee. A 1/10 closing does not make the 12/01 payment unneeded, but it does make it 40 days late if it isn't made. The fact that a payoff letter was generated doesn't matter either. Your note doesn't say if it goes under contract then you don't have to make the payments. I'm a moron for interjecting. I should go back to using the web for waht it was meant for.
- PJ Sassifras
- Contributions:1225
I think someone missed napped time today. Him's cranky.
I think you're right PJ. I miss the silly, happy go lucky Hamp. Bring him back!
- rockinblu
- Contributions:7202
i'm gonna flag you for calling yourself a moron. lol
- PJ Sassifras
- Contributions:1225
LOL, BTW Marci, I totally got your "What a maroon" joke. If only "The Answer Man" hadn't taken that left turn at Albuquerque!
LMAO
I guess he was correcting my spelling and trying to make me look stupid. Too late for that now isn't it?
- Hamp Yonce, "Zilluminati"
- Contributions:3463
You can't be silly anymore, you get deleted. I know about this issue. I deal with it daily and have for a decade and a half. It is a common dilemma. People think that they don't have to make the payment now, cause I'm gonna make it soon. That don't fly.
Marci I told you my story about agents, I am genetically agent like. I am frankly ashamed of the tangle that my profession finds itself in. I do adore you, and 96.53697088342% of the agents that post here. the other roughly 4.46% of Agents who post here, make me want to turn my licenses in, and become a monk.
- PJ Sassifras
- Contributions:1225
You sooooo win! LOL!
Hamp, I wasn't questioning your knowledge. I was simply stating that I have never dealt with lenders making collection calls after they get the payoff demand. They have called to try to get you to finance with them again, but I have never heard of a collection call. But, now that I know it's possible, I will be sure to pass it on.
oh, and PS, I'm sure your wife wouldn't appreciate you becoming a monk.
- Hamp Yonce, "Zilluminati"
- Contributions:3463
My experience is that there is no communication between departments, at least at big lenders. The payoff dept. is a hidden entity, that they would rather noone know how to contact.
- PJ Sassifras
- Contributions:1225
I give him three minutes as a monk. Then he's back to being Hamp. :þ
Just so I don't get deleted, Hamp, my escrow is set to close on Jan 30th. I usually make my payments for the next month around that time, should I just go ahead and do it? That way if the escrow is late, I'm covered?
See in your situation PJ, you should, because the payoff won't even be requested until all the contingencies are removed, and that will be well after the 1st.
- PJ Sassifras
- Contributions:1225
My payoff won't be requested until after I close? I was going to make Jan house payment at the end of Dec. I was asking if I should may Feb's payment at the end of Jan? Am I making any sense or is it the rumballs talking?
AArrrrggghhhh! Husband botched last month's mortgage payment
and the collections department is calling us. I'm like, ummmmm... we're selling this property tomorrow and you'll get the whole amount paid off. We promise, if sale falls through, we'll make the payment immediately.
If sale goes through or payment is made, they'll leave our account in good standing. I cannot believe this! Like my nerves aren't already frazzled.
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