Home     Law Advice     Insurance Advice     Community    
Go Back   FreeAdvice Legal Forum > REAL ESTATE LAW > Mortgages, Refinancing & Foreclosure
Reload this Page Crooked Lender?!

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 01-12-2005, 07:30 PM
Junior Member
  
Join Date: Jan 2005
Posts: 4
Cool

Crooked Lender?!

What is the name of your state?What is the name of your state?What is the name of your state? NC
Does anyone know how to go after my lender?
Detail: I purchased a home in 1999 and the loan amount was 34100. I have made 5 years of payments and when I requested the payoff amount it was 35806
Considering the fact I have never missed a payment what do I do. I am assuming they have an accounting department.The lender is Greentree/Conseco, or whatever they are calling themselves.
Are they trying to rip me off, what do I need to do?
Thanks
  #2  
Old 01-12-2005, 08:14 PM
Member
  
Join Date: Jul 2004
Posts: 42
Sounds like you have a daily interest loan. Check your loan documents to see how your interest is calculated. Or perhaps you have a pre-payment penalty.
  #3  
Old 01-13-2005, 09:55 AM
Junior Member
  
Join Date: Jan 2005
Posts: 4
Exclamation

I wish it were that simple

NC
It is not a daily interest loan, and I thought there was no prepayment penalty after 5 years. Is there a way I can make the lender provide documentation to justify the excessive payoff? Does anyone know how to go about it?
  #4  
Old 01-13-2005, 04:34 PM
Junior Member
  
Join Date: Oct 2003
Location: Minnesota
Posts: 26
Conseco/Greentree are a bunch of idiots.....I paid them off 2 years ago, questioned the amount as being too high, but paid it anyway to close my new loan. About 10 days later, I recieved a refund check for 'overpayment'. Make sure you have cancelled any ancillary products (like the life insurance they try to pack in there) then get a written quote and a per diem interest rate.
Reply

« Previous Thread | Next Thread »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 06:28 PM.

Contact Us - FreeAdvice - Archive - Privacy Statement - Top

IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.
FreeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.