Chase Manhattan Bank Informative - Chase Mortgage and Foreclosures
COLUMBUS, OHIO -- Early this year I briefly went into foreclosure due to divorce.
March 7th I paid Chase Home Mortgage with a $3200 personal check that cleared and was applied to the mortgage.
I contacted Chase and received a re-instatement of 5751.50 to be paid by the end of the month to bring the house out of foreclosure and up to date. This was faxed to me by the foreclosure department.
March 30th I paid the re-instatement fee with a cashiers check. At this point the mortgage is 100% up to date.
March 31st Chase removed the 3200 from the mortgage because their policy is not to accept a personal check for a home in foreclosure, despite the fact the funds had cleared 3 weeks earlier.
I was not informed. (I was re-imbursed the 3200 two months later with a check from Chase.) At this point attorney fees and late fees are applying to the mortgage.
April 7th, I sent another cashiers check to Chase Home Mortgage for 2961.42 which is the monthly payment. They received it, I have the signed receipt from the post office signed by Chase Home Finance. Chase states they never received the cashiers check and more late fees and attorney fees are applying.
April 14th, the mortgage is sold to Litton Loan Servicing and the mortgage jumped from 358k to 370k in 1 month.
Litton's stock response to any question is contact Chase. Chase's stock response to any question is contact Litton, they no longer service the loan.
Back to the second cashier's check for 2961.42. I back with Chase, this is a cashiers check was written by Chase Bank to Chase Home Finance. This cashiers check has never been cashed, not transferred to Litton and not applied to the mortgage. The bank will not issue a stop payment on it unless it is 90 days old, unless I get a surety bond from my insurance company. State Farm informs me they will not issue a surety bond for a cashiers check unless it is 90 days old.
So that's 3 more months of late fees and attorney fees while my home sinks into foreclosure, while I have paid everything I was supposed to pay.