Legal Question in Real Estate Law in Florida

Mortgage problem -

I refinanced my mortgage through a broker for a lower rate in Dec. 1998. The first two payments were due Feb & March 1999 payable to the broker. Prior to the third payment the broker sent me notice that my mortgage was transferred(sold) to a bank. The following 6 payments were made to the bank. After a while the bank returned 5 payments to me saying that they do not hold the mortgage. The bank refunded the April payment back to the broker. The original broker was bought out by a second broker right around the time they were trying to transfer(sell) the mortgage. As it stands right now I have not received a 1099 form showing the 3 payments towards interest for tax deduction reasons. I have no interest deduction for 1999. The broker has told my lawyer that the are recalculating the loan. BY the way I refinanced at 6 and 7/8%. I would like to put this behind me and either start paying the mortgage after all is cleaned up or petition a court to clear of this loan as it seems the broker cannot fix this situation, thanks for you advice.


Asked on 2/09/00, 11:04 pm

1 Answer from Attorneys
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Mortgage problem -

You have an attorney representing you. I feel constrained to address the problem. Ask him to inform you ,in language you understand, what is happening

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Answered on 2/17/00, 7:00 pm


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