Legal Question in Credit and Debt Law in Georgia

collections law
in 1996 i lost my house to foreclosure, and I had two loans:one was a regular loan and the other was a home equity loan. I agreed to allow the home equity to charge off half the balance and I paid the rest. My question is if the property in question was sold, which it was I thought that both property liens had to be satisfied, before a transfer of title could take place? Also the new loan was for payment for 84 monthsand I ended up paying additionally because they claimed I had restructed the loan several times, so I needed to continue paying them an extra 24 months.? I finally just paid off the loan, after paying an extra 35.00 extra every month for 3 years, and I was getting nowhere. please advise. i believe I was cheated out of money...

Asked on 3/02/07, 10:32 am

John Jackson Law Office of John A. Jackson, P.C.

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Re: collections law

The bank may have acted properly or it may not have. A lot depends on the documents that you signed with the bank.

Answered on 3/03/07, 2:41 pm

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