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What is the time frame for contacting a lender to contest an error on a billing statement?
Wiki User
∙ 13y ago
You have sixty days to dispute an error on a billing statement. It is better served to do it in writing. Never send them your original document, always send copies. Also, send it via certified mail so that you get confirmation of receipt.
Wiki User
∙ 13y ago
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How do you calculate average daily balance?
AnswerTake the account balance at the end of each day's business. Add all of these balances and divide by the number of days. Average Daily Balance is the practice of crediting an account from the day a payment is received or debiting an account on the day a charge is made. It is a daily tracking of what is owed. The lender adds the beginning balance for each day in the billing period to the charges made that day, and then subtracts any payments and/or credits made to the account that day. Adjusted Balance adds charges and subtracts payments made during the billing cycle from the balance at the end of the previous billing cycle. This method is more advantageous to borrowers and credit card holders.
What is a repossession affidavit?
It's the sworn statement that the lender files with the state DMV when a vehicle is repossessed. It includes data such as, how the vehicle was repoe'd (voluntarily or replevin order) the default date of loan, the date of repossession, the amount owed, the value of the vehicle, all indentifying information,(date and time, location) and so forth.
Who requests a form 4506 T Lender or IRS?
Most lender's ask for verification of tax returns (1040's) to verify everything is 100% correct. The lender sends the 4506-T form to IRS as authorization and an order form. Usually takes 2-3 business days to return, and no you can not request a rush.
How do you find out the original lender and account number of a judgment when all you have from the credit report is a docket number and the county?
Take the docket number to the county recorders office and get a copy of the judgment. The information on the judgment will give you the name of the lender.
My name is on the Deed not on the mortgage How do I doc this on my taxes to receive partial credit on the mortgage interest if I assisted in making the mortgage payments?
You'll have to consult your tax advisor on this but typically from a lender point of view if you are not on the note than you don't have rights to an interest deduction come tax time. However, if you have an accountant who tells you different, than you'll have to produce cancelled checks or a statement of some kind to show your share of the mortgage payment being made directly to the lender. If it was paid payable to someone else than it is looked at as paying rent, which is this case would not get you a mortgage interest deduction.
Can a co borrower have their name removed from the loan?
Usually no. However, it might be worth contacting the lender to see.
Where can one find the current status and information of your home loan?
One can find the current status and information regarding ones home loan by contacting their lender or loan servicer by telephone on their mortgage statement. Determining who owns the mortgage is crucial in obtaining information.
In Texas if a mortgagee Buyer leaves the home and the mortgagor Lender has no way of contacting the mortgagee can the mortgagor take house because of abandonment?
The borrower is the mortgagor. The lender is the mortgagee. Generally, if the mortgagor doesn't pay the mortgage the lender can foreclose as long as they reserved the right to do so in the mortgage document. Generally, legal title to real estate does not pass through abandonment.
What is the Pay off amount on my house?
That amount should be on your mortgage statement each month. You can probably also get that number from your lender.
Where can you find the best mortgage deals in Oregon?
Consult your local yellowpages for their Mortgage Lender Directory. This will give you a starting place to begin contacting mortgage lenders in your area for rates an comparisons.
How do you remove your name from a loan?
Pay it off.If you're a cosigner, you can try contacting the lender to see if they'll take your name off the loan; they might be willing to do so under the right circumstances.
What is loan outstanding?
How many unpaid debts do you have?
How do you find a hud settlement statement from 1994- The Title Company has closed. I'm trying to prove what my ex- to be is saying in our divorce is forged stating he put thousands pre-marital?
You might try contacting the mortgage lender. It is possible that this statement MIGHT be part of their documentation. Also, if you were represented by an attorney and/or a real estate agent at closing, you could try contacting them as well, to determine if they might still retain copies of any of the closing papers. As an aside - he would be required by the court to back up his claim by producing evidence of what he is alleging. If he cannot, the court is unlikely to accept his unsupported word. Aren't you represented by an attorney? If not, you should be, and you ought to be directing this question to them.
How can you find out the current interest rate?
The current rate of interest can be easily found by contacting your bank or lender directly or going online to their website. Rates for borrowing are higher than the rates received on deposits.
What can you do if you notice major damage to the car when you get it back after repossession?
ANY claim about anything is subject to have to be proved. Sooo, get some sort of proof and contact the LENDER ASAP. Got any pics of the car the day before repo? Any reciepts from the week before when you had that repaired or noted that it didnt need repair? Anything like that? Do not waste your time contacting the lender instead sue the lender and the repo moron for the damages.
Who can do loan modification in Alabama?
Generally, you will need to contact your lender directly.You can get free help by contacting a HUD housing counselor. There is no charge for this help. Both the agency helping you and also the person helping you will be HUD approved.
How do you prove income if you want to buy a car but you worked for a family business and they gave you a check every week with no pay stub?
Statement of WagesAsk the lender what will be an acceptable alternative to check stubs after explaining your situation. Go to your employer and ask them to provide whatever the lender will accept.
