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With the new laws established by the Obama administration, mortgage companies can't accelerate mortgages until the homeowner is six months behind. If you are having trouble with your payments you should try to have you loan modified.

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10y ago

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If you are late on your mortgage payment's can the bank take it from a certificate of deposit or savings account even if the CD or savings account is in a different bank than the mortgage?

If you have given an auto debit instruction then the bank can deduct the money from your savings account. If you default on the payment continuously, then the bank would send you a legal notice and then confiscate all your deposits with the bank to recover their amount.


Where do you send your tax bills for your Bank of America mortgage?

You can send the property tax bill for your Bank of America mortgage to Tax Dept. CA6-913-LB-01, P. O. Box 10211, Van Nuys, CA 91410-0211. They will also send you a statement.


How do you find the repossession balance due after the lender has resold the car without contacting the lendor?

There will be a long waiting period for the bank to send you a notice. You can call the bank for faster answers. There will be a long waiting period for the bank to send you a notice. You can call the bank for faster answers.


Where do you send the property tax bill for your Bank of America mortgage?

You can send the property tax bill for your Bank of America mortgage to Tax Dept. CA6-913-LB-01, P. O. Box 10211, Van Nuys, CA 91410-0211. They will also send you a statement.


What steps must a bank take before someone's house may be foreclosed on?

The first step requires that the bank send a missed-payment notice. Following that, the bank will send a notice of default. The final literature received will be a foreclosure notice. The house will change ownership officially once the original owner receives a notice of foreclosure sale.


Where to send mortgage payment to Emigrant Savings Bank?

For regular payments, send to Emigrant Mortgage Company Grand Central Post Office PO BOX 5494 NY, NY 10163-5494 For overnight payments send to: Emigrant Mortgage Company 5 East 42nd Street NY, NY 10017 Attn: Mortgage Cashiers.


What company took over mortgage payments from Countrywide?

Bank of America too over payments from Countrywide after the mortgage fraud by Countrywide. The mortgage settlement should send billions of dollars to struggling homeowners.


I had Taylor bean and whatker for my mortgage company Bank of American took the mortgage company over why did my payments go up and were do I send them too?

I need to know why my payments went up after I found out bank of America took over my previous mortage company?


What do it mean when you get a letter from your mortgage co that they have sold your mortgage to another servicer?

That means another bank has purchased your mortgage. The original lender should arrange to have an assignment of mortgage recorded in the land records to make the assignment legal. As long as you make your payments on time you shouldn't suffer any effects except a change in the address where you send your payments.That means another bank has purchased your mortgage. The original lender should arrange to have an assignment of mortgage recorded in the land records to make the assignment legal. As long as you make your payments on time you shouldn't suffer any effects except a change in the address where you send your payments.That means another bank has purchased your mortgage. The original lender should arrange to have an assignment of mortgage recorded in the land records to make the assignment legal. As long as you make your payments on time you shouldn't suffer any effects except a change in the address where you send your payments.That means another bank has purchased your mortgage. The original lender should arrange to have an assignment of mortgage recorded in the land records to make the assignment legal. As long as you make your payments on time you shouldn't suffer any effects except a change in the address where you send your payments.


What happen to the second mortgage if not paid?

Sometimes the bank will send a letter of hardship. You indicate information about bills you pay, etc. They will readjust your mortgage but it is usually more than the original amount. They usually call it a request for hardship document. Sometimes the bank will send a letter of hardship. You indicate information about bills you pay, etc. They will readjust your mortgage but it is usually more than the original amount. They usually call it a request for hardship document.


When do you send out a notice of lien?

What sends you a notice


Why would the IRS levy a bank account?

The IRS would levy a bank account if the bank account holder had not paid his or her taxes. However, the IRS wouldn't do this unless they had exhausted all other means to collect. They would first send the taxpayer a notice that taxes had been assessed and demand payment. It the taxpayer ignored this notice the IRS would send another notice letting the taxpayer know it was their intention to levy his or her bank account, or other property. This would be sent 30 days before they actually levied the account. Don't ignore letters from the IRS!!