Yes, this letter is real.
December 4, 2009
Dear JP Morgan Chase –
I have enclosed some documentation and I hope someone can help me. I represent a homeowner who wishes to sell their home. We have an accepted offer. Payoff amount was requested November 6, and several times since.
A notice of default was filed November 25 - over two weeks after the first request for payoff (several times, we were told you never received the request). Are you just trying to run up the bill?
The title company was told that if they called again, they would “go to the bottom of the pile”. Money to pay the loan has been at the title company for weeks. This is NOT a short sale!
Fortunately, this is a cash buyer. If there were a new mortgage involved, this deal would have crashed and burned weeks ago. It still might though, because the buyer isn’t going to wait forever.
In the meantime, your company has called one of my colleagues to proceed with foreclosure. I don’t understand why you wouldn’t want to collect the full amount due on this mortgage.
Respectfully,
Debbie White, Broker
We all need to report every abuse we see from the financial institutions! I am also assisting my clients in filing a complaint with the OCC. Any suggestions from my fellow "rainers" would be most welcome at this point. I'm about to lose the deal, the seller their credit, the buyer their home. There's no good reason for this.
Comments (12)Subscribe to CommentsComment