TD Bank Says "No Means No - we choose Foreclosure. Do not call here again"

Could it be that you were upset you didn't get the short sale because you won't receive your commission?

We all know how generous realtors are... always caring about other people, and do the work without caring about the commission..

"A sarcastic person has a superiority complex that can be cured only by the honesty of humility"

-Lawrence G. Lovasik

Dear Anonymous,

I would assume your pay check hits your TD Bank Checking Account at the same each week, so I am not offended by your comment about commissioned individuals.  Just imagine if your paycheck relied on hard work with so many outside variables such as buyer and seller emotions, public records, Banks, Underwiriters, Appraisers, City and Township officials, and the many others involved in a Real Estate transaction...now imagine if just one piece of this enourmous, confusing puzzle falls out of place and your paycheck didn't hit your account that week.  We all work to paid, it's not a secret.

 

 

"A clever man has smart answers, while a smart man has clever questions."

"Some people are educated beyond their own intelligence."

We can go round and round with catchy quotations, but typically speaking, it is about the money.  Your office must be above the norm with truly caring about the customers, and that is appreciated; however, while I am neither a TD Bank customer nor employee, I can tell you from past experiences that my real estate agents would bail and be MIA at the first sign of trouble.  If your office truly cares about the customer, even though there is a chance of not receiving a dime, then you may be receiving a call from me in the future to do business.  Just don't give me the high and mighty speech about how noble agents are when it is a competive job and about the commission checks.

Too funny I'm just finding this now....I literally just was HUNG UP on by Dawn Dean herself.  She is the most rude person I have ever spoken to in my life.  We tried to work with TD Bank before my ex husband and myself got to where we are today, and they flately refused to offer any suggestion and listen to our suggestions.  I was yelled at and hung up today, when I called to talk to her about our short-sale.  I said to her, what if we don't agree to pay off the difference, and she said THEN WE DON'T AGREE TO THE SHORT-SALE, NO SHORT SALE!, so I aske if it goes to forclosure, you won't get anything right?  And her reply was WE'RE NOT GETTING ANYTHING ON THIS SHORT SALE EITHER!!!

I work in customer service every day, and would NEVER ever talk to someone the way she did, all of our calls are recorded and I would lose my job if I was even 1% as rude as she was to me. 

This is my story

 

TD Bank is refusing to accept a mortgage payoff on a sale of a property unless

•1.     I pay them $33,000 or

•2.     Sign an agreement to allow them to call in my other two mortgages earlier than they are due

TD Bank holds mortgages on 3 properties on which my business, AllState Fence is located. I own the properties along with my brother as M & S Realty. Last year, TD Bank called in our $1 million revolving line of credit even though we were never late a payment and continued all our monthly payments. At this point, Charles T. Forrest from TD Bank threatened to foreclose on all our properties cross-collateralized on the loan if we didn't pay the line of credit in full. Our only option was to sign a forbearance agreement which gave us 3 months to find alternate financing. They charged us $20,000 for this. Alternate financing was found for $650,000 through a hard money high interest Business credit loan. After this loan closing and receiving $650,000, Charles Forrest at TD than charged us another $10,000 forbearance (extortion) fee  to extend the remaining line of credit balance to be paid down at $20,000/month which currently continues to be paid at $5000/week.

When one of the balloon mortgages on one of the properties was due to expire, fortunately a buyer was found to satisfy the entire mortgage payoff. A closing date was set a few weeks after the mortgage expiration date due to some township /land use issues, however the mortgage payments remained current and continued to be withdrawn directly from our checking account. Because of the extenuating circumstances with the township, Charles Forrest and his boss Ed Moran had verbally agreed that the bank would waive any late fees on the mortgage as long as the debt was paid. We even sold the property substantially less for a quick closing to pay off the mortgage debt. So when we received the mortgage settlement charges for the closing, it included a $33,000 late fee and default rate much to my surprise. When an inquiry was made via email, TD agreed to waive the late fees only if another forbearance agreement was signed which would let them call in the balloon payments on the other 2 mortgages earlier than they are due. These mortgages still continue to be paid monthly. Now TD is holding the sale of the property hostage, refusing to accept a full mortgage payment even if the $33,000 late fee is paid, unless we agree to their forbearance (extortion) terms.

Please help us. Time is of the essence and we only want to sell our property.

 

Below are any phone numbers you may need for your investigation

Michael Skrable -owner and Mortgage holder (732)814-3832

Charles T. Forrest- (856)874-2488- TD Bank N.A.

I was under the strong impression that TD Bank was working with customers to refinance and work out the problems.

Brian Callahan

Chicago, IL

These guys at TD Bank are thieves. These guys have the nerves to charge me $ 175 overdraft fees and do not want to refund me any of it after I deposited $ 2,659 into my account on a sunday. They're pretending to open 7 days a week but what is good for if they can't process any checks. The federal needs to shut these guys down because they are a bunch of thieves.

Ok, its now August 2011. TD bank approved what they are calling a "so called short sale" and then said tis contingent of me paying the entire shortage of 68,000 and not releasing the note until its paid in full. Um, whats the point?

I have been trying to work with TD Bank on my condo for a year now.  They are not the primary mortgage holder on my condo.  It was an 80/20 mortgage.  TD Bank has caused TWO short sale deals to fall through because they will not return calls/give us the run around, or just won't give us the information we need.

I now have a THIRD offer on my condo.  I am hoping and praying that we can find someone at TD Bank that will give us information in a timely manner, or will just call us back!

 

Should I go to twitter, etc... to get their attention?

 

TD Bank is horrible. They took over my bank in Florida and acquired our mortgage. Florida mortgages mostly being underwater - we tried short selling, supposedly the responsible thing to do. We had 3 cash buyers over 3 years. TD Bank dragged its feet so long that the buyers gave up waiting for TD to approve the short sale. Finally, a couple months ago, they finally approved the short sale - If We Repayed The Balance Of The Mortgage!! Well, if we could do that, we wouldn't be in this situation. We can't even get them to move ahead on the foreclosure now, just to get this nightmare over with. I wish I could figure out who could help us. These 'people' should be investigated. 3 years. How much longer will they torture us??

Terrible. Of course I believe it. I am in TD Bank nightmare right now with my second and third mortgages. No one will help me. They denied me twice and then a rip off firm from CA who I hired to fight for me, actually backed out. Is everyone afraid of this bank? What do I have to do, write a letter to the President of the US in order to get results? Only joking. KNow that woudl never work!!!