Posted on: 08th Oct, 2011 11:15 am
hello, gmac offered settlement for $8500, i sent $7500 with $1000 left. before i could send in last $1000 they charged off mortgage without any warning. now they say i have to get another settlment offer and the initial $7500 on the 1st settlement will not transfer to new settlement. how can they do this-sounds like fraud to me. the $7500 all the money we had in the world. now they want me to come up with another $10,0000. is this a common practice? appreciate any advice. thank you.natasha
Hi natasha,
This is not a common practice. You have to pay them only $1000 that you haven't paid them when you have been offered the settlement. They can't force you to pay more. Contact an attorney and take his help in dealing with this matter.
Thanks
This is not a common practice. You have to pay them only $1000 that you haven't paid them when you have been offered the settlement. They can't force you to pay more. Contact an attorney and take his help in dealing with this matter.
Thanks
Hello natasha ?
Checks, automated clearinghouse transfers, and other payments between banks are settled on a provisional basis, because the possibility exists that the person initiating the transfer of funds may not have sufficient funds to cover the payment, or the payment cannot be processed for various reasons.
:idea:
Checks, automated clearinghouse transfers, and other payments between banks are settled on a provisional basis, because the possibility exists that the person initiating the transfer of funds may not have sufficient funds to cover the payment, or the payment cannot be processed for various reasons.
:idea:
The first settlement offer was $8,500.
Do you have that in wriiting and in the written document is there an expiration date after which the settlement offer is not good anymore?
Do you have that in wriiting and in the written document is there an expiration date after which the settlement offer is not good anymore?
