Posted on: 09th Jul, 2012 06:40 am
the bank has been using my mortgage payments to pay for apersonal loan for the past 10 months without informing me and now they say that i am 10 months behind on my mortgage payments and are telling that if don't pay they will start foreclosure proceedings can do this and is it legal . thank yoy for help.
Did you submit your mortgage coupon when you made the payment? And were you also making the personal loan payments on time?
Hi taino!
Welcome to forums!
If you made the payments for your mortgage, then it should have been applied toward the mortgage by the lender. If the lender has not done so, then it will be considered as illegal on the part of the lender. You may contact a real estate attorney and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you made the payments for your mortgage, then it should have been applied toward the mortgage by the lender. If the lender has not done so, then it will be considered as illegal on the part of the lender. You may contact a real estate attorney and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
