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Response to progressivebydesign (Reply #28)

Mon Mar 4, 2013, 05:33 PM

30. Not necessarily...

I know a couple who had fallen behind in their payments due to a medical situation. They were able to make the payment on the last day of the grace period. They would make the payment using Western Union "Quick Collect" to be assured that the payment arrived in the lender's office the same day.

Well, once the lender decided to begin foreclosure proceedings, claiming they got the payment 14 days after the grace period. My friend showed me the Western Union receipt which indicated the payment arrived the day it was sent. She said she called but was told "too bad," the lender didn't count the payment as received until 14 days later, therefore they missed the grace period.

I don't know why the lender would claim that! Fortunately, she was able to get some money from relatives to prevent the foreclosure. But it looked like the lender was trying to steal their home.

Imagine having that happen when her husband was in a combat zone...

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Arrow 30 replies Author Time Post
Judi Lynn Mar 2013 OP
DRoseDARs Mar 2013 #1
blkmusclmachine Mar 2013 #5
AnotherMcIntosh Mar 2013 #23
apocalypsehow Mar 2013 #2
silvershadow Mar 2013 #3
KansDem Mar 2013 #8
Franker65 Mar 2013 #4
KansDem Mar 2013 #6
Diclotican Mar 2013 #7
kentauros Mar 2013 #20
Diclotican Mar 2013 #24
Ken Burch Mar 2013 #9
MannyGoldstein Mar 2013 #10
fasttense Mar 2013 #12
Ken Burch Mar 2013 #14
aquart Mar 2013 #11
Hugin Mar 2013 #13
Jackpine Radical Mar 2013 #21
KansDem Mar 2013 #15
progressivebydesign Mar 2013 #28
LineLineLineNew Reply Not necessarily...
KansDem Mar 2013 #30
another_liberal Mar 2013 #16
progressoid Mar 2013 #17
another_liberal Mar 2013 #19
melm00se Mar 2013 #18
AnotherMcIntosh Mar 2013 #26
4Q2u2 Mar 2013 #22
judesedit Mar 2013 #25
progressivebydesign Mar 2013 #27
Occulus Mar 2013 #29
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