Legal Question in Real Estate Law in Washington

Bank does not accept funds from title company after refinancing

I refinanced my house in March. At the end of April I found out that my former mortgage company didn't accept the funds from the title company. They say it is about 2000 Dollars short. The title company claims that they sent a check in the amount the mortgage company gave them. Now the collection department from the mortgage company calls me every day. The title company suggested that I pay the difference. I already paid the new mortgage and cannot make any more payments. How should I proceed?


Asked on 5/08/03, 5:52 pm

1 Answer from Attorneys
Jahnis Abelite ABELITE LAW OFFICES, P.S.

Re: Bank does not accept funds from title company after refinancing

You do not have enough information yet to proceed to do anything. You need to investigate these facts more completely. You should get a copy of the pay off from the title company that they received from your old mortgage company. You should also contact the old mortgage company and get an itemization of this $2,000.00 shortfall. They have to give it to you. If the old mortgage company made a mistake in calculating the pay off amount that they communicated to the title company, that is the old mortgage company's fault and not yours. Yet, they may still balk at accepting the pay off because they are angry that you are not their customer, and a source of income, anymore. You may very well need to seek the services of a lawyer to straighten this little mess out.

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Answered on 5/09/03, 1:54 am


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