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Zachary Said:

law, malpractice,countersuite?

We Answered:

The judge has a good point. The quicker the claim gets settled out of court the less the fees you will pay. Sometimes legal fees eat up all the money. Decide if all the fighting is really worth the amount of money you stand to receive in the end.

Kay Said:

Can a negative mortgage escrow be reported as past due on my credit report?

We Answered:

You have a number of ways to combat this, but you may need some outside help.

I would dispute the item with the credit bureaus first, as you will need to do this before disputing the item with your mortgage company. Dispute the amount reported, the fact that it shows a late payment, and anything else that you believe may be incorrectly reported. Send your dispute via Certified Mail with a Delivery Receipt (online version is fine).

If this doesn't solve the problem, send a complaint directly to the mortgage company, also via Certified Mail with a Delivery Receipt.

If you have paid your account on time and the only adverse element of the account is a deficiency in the escrow account, then you should not have any adverse reporting on your trade line. The lender is responsible for properly maintaining the escrow account, and if they made an error in calculating your payment, then they will need to notify you of any adjustment to your monthly payment prior to your next adjustment date.

As for the loan modification, you may contact a company that performs this function, or you may handle it yourself. I would recommend that you check the government's "Making Home Affordable Program" first (see link below). You can do this yourself, and you may be surprised at how easy this can be handled.

Just be sure to gather all of the required documents and complete the paperwork carefully, for best results. Contrary to popular belief, you do not have to be late on your payments in order to qualify for a modification.

Good luck!

Herman Said:

Bank of America ran mortgage twice.?

We Answered:

How did the payment come out twice? Was it set up through Bill Pay, or is it on an automatic payment? If it is on bill pay through online banking, ask to talk to the bill pay department specifically and once they credit the account they can also credit the fees. If it was done on an automatic payment (they pull it out of your account each month using your checking and routing numbers) , then the checking department should definitely be able to reverse all of the fees. If that's the case, call back and tell them to check the history on that day to see that a duplicate payment was processed.

Peter Said:

Can I be arrested for this?What do I do?

We Answered:

Wow that's a tough one. My self If I was in that pinch I would return the coin, If he does not like it too bad. The worst the seller can do is give you bad feed back. He can re sell the coin. Hope I helped and good luck friend.

Rosa Said:

What would u do in this situation?

We Answered:

From your side, the intentions of what happened and what you did were good. Some bad errors of judgment, but from your statements, you are owning up to them and making them good. No harm, no foul.

The problem is that an outside agency that deals in this type of situation on a daily basis doesn't understand your intentions and they see people take advantage of older people every single day. They automatically assume you to be in that same category and starting proceedings to deal with you the same as the others.

As long as your own attorney and the bank both say they are not going to prosecute, you have nothing to worry about. The outside agency will go away in a bit and you can continue helping your grandmother.

Best of luck to you and I hope this can be useful