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HOW CAN I CONTACT NORTHWAY BROKERS IN SLIEMA,FLORIDA?

Posted on: 16th Feb, 2007 09:08 am
I AM TOLD THAT I WAS APPROVED FOR AN EQUITY LINE OF CREDIT FROM ZENITH COMPANY IN CANADA.I AM TOLD TO CONTACT MY MORTGAGE COMPANY SO WHEN I DID THEY TOLD ME MY MORTGAGE WAS IN A POST SALE STATUS AND REFUSED TO GIVE ME FURTHER DETAILS.I RECEIVED A LETTER FROM THE CHECKS SYSTEM THAAN TWQO INQUIRIES HAD BEEN MADE ON MY CREDIT REPORT FROM NORTHWAY BROKERS,LTD.WHY HAVE I NOT BEEN CONTACTED BY NORTHWAY SINCE TWO CREDIT CHECKS WERE DONE ON MY MORTGAGE CONTRACT?
PLEASE EXPLAIN TO ME WHY I HAVE NOT BEEN CONTACTED.SO WHERE IS THE EQUITY LINE OF CREDIT AND HOW DO I HAVE IT TRANSFERRED TO MY PERSONAL ACCOUNT FOR USE TO GET MY CONTRACT OUT OF FORCLOSURE STATUS?
Hi,

As far as I know Northway Broker Ltd. is owned by Northway Financial Sarl of Luxembourg, which in turn is owned by NDG Financial Group.
Posted on: 16th Feb, 2007 04:31 pm
Ladya,

I think there is some confusion over here. I mean you have been approved for an equity line of credit. But after that when you contacted the mortgage company, the officials there informed you that your loan was in a post sale status.

I think the company has sold your loan to another company or a servicer. The second company will now be collecting your monthly loan installments and escrow payment.

Selling off a home loan to another lender or servicer by an originator is quite common in the industry. Usually a borrower is informed by the originating lender or the servicer that his loan has been sold off already. Hopefully the second company will contact you soon.
Posted on: 16th Feb, 2007 10:44 pm
Hi Ladya,

Well ladya, there is a possibility that Northway Brokers will now be servicing your loan, that is, collecting your monthly payments and sending you payment receipts etc. But then it seems to be a broker company, so I am not sure of this.

I think you can just call up Northway Brokers and enquire about your loan status. I guess they wanted to check your credit score and this is why they had the credit check. But then you have every right to know as to why they did so? Just talk to them on this issue and make yourself clear about it.

Usually foreclosure is carried out by the lender when you fail to make payments further. But as much as I can understand from your query, I don't think you have even started off with the loan; the approval is over though. So, how can the lender foreclose your loan? I feel Northway Brokers should have sent you a notice that it will handle all dealings with you. The company originating your loan will have no role to play here.

Hope my suggestions will be helpful.

Feel free to discuss on any related issues and share your experiences with our community.

Thanks,

Caron.
Posted on: 16th Feb, 2007 11:24 pm
you guys deb out my band on 9/03 $600.00 9/11 359.94 9/11 359.94 9/28 194.47 9/28/09 194.47 you guys put in 10/05/09 $ 300.00 you guys keep taking my money 10/16 197.97 10/16 197.47and 10/30 208.97 10/30 $208.97 and 11/13 $208.97 11/13 $208.97and 11/27 $208.97 11/27 $208.97 why? call me when you guys see this 206 760-1389
Posted on: 12th Dec, 2009 11:46 am
Found a phone number 18669583278
Posted on: 22nd Apr, 2010 12:27 pm
I have dealt with this organisation and they are reputable.
Posted on: 02nd Dec, 2010 03:11 am
Hi all,

We encourage everyone who may still be experiencing any financial difficulties to get in touch with the Customer Relations Department at Northway Broker Ltd as soon as possible. We will do our best to assist you in resolving any pending issues.

Kindest Regards,

Customer Relations
Posted on: 13th Jul, 2011 03:46 am
Weird, to say the least.
Posted on: 13th Jul, 2011 10:06 am
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