In july of 2003 I took a loan on a piece of property i purchased. This loan was registered through the register of deeds. It was financed until may of 2012. Last year i got into a financial jam and the mortgage company offered me a modification loan. I was only a couple payments behind at the time, and the guy I talked to at the motgage company told me he new I would get the loan, he even told me what my new payment would be, what the new interest rate would be, and he was going to send me some paperwork. my next payment came due, and I had received no paperwork ,so i called, he said he was still working on it but not to worry, he was freezing our account and told me “not to make a payment.” yet another month goes by, we call the guy I had been talking but he is in the hospital, and have to Talk to someone else, she cant get none of the information from our dealings with the first guy, so it starts over. We have to get all our info that we got for the first guy again. which takes a bit, because I work for myself, but this time I make copies of the 72 pages I have to faxed to them, to shorten this story when its said and done they refuse a modification loan, start me all over on my loan, at more than double what i borrowed in 2003,so my wife makes our first payment and brings me the receipt and to my surprise, we paid an extra $ 100.00 and the balance didn’t change, so, i called them, they said they couldn’t do anything about the late charges, and interest, I acquired during the months, they were trying to get me a modification loan, and that I couldn’t actually start paying on the loan, until the late charges was paid “2,400″ further more they are adding $ 7.00 per day, onto the late charges, until it is caught up, that is $ 210.00 a month of interest on the late charges. I have been paying $ 100.00 a month extra for 6 months this is crazy
I didn’t mention, that I started looking into this myself, and found that 4 months after that was registered, there was another exact copy registered for double the amount
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