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Check Your Bank Account! Money May Be Missing
Posted on 28. Jun, 2011 by hope-mitigation in Foreclosures, My Blog, News, Real Estate
Check Your Bank Account! Money May Be Missing
Just recently I had another client inform me about their mortgage company taking money out of her checking account. I felt the need to write about this. I am noticing, this takes place quite a bit! Let me fill you in on the details. My client was meeting with me and informed me that she had just enough for her car insurance payment that was scheduled to be taken out the next day. Her checking account is with the same bank that has a second mortgage (line of credit) on her property. The next morning the bank had TAKEN ALL of the money my client had in the bank for her car insurance. No notice, no warning, they took what they wanted because the loan payment hasn't been made in only 2 months. Now the client has no money in the bank for her other bills and living expenses. WOW! Most banks have a clause in the account paperwork that you signed when you opened the account that basically states if you have a loan with the same bank and payment is not made, You give the bank your permission to take the missing payment from you checking/saving account. Read the fine print.
Don't let this happen to you. If you are facing financial difficulties and are unable to make your mortgage payment, You have options. If you bank with the same bank that has your mortgage, Be prepared to have money taken out with out your knowledge due to no-payment. Take your money and open a new bank account at a different bank. This way if times get hard you will be safe in knowing that the money you do have in the bank stays there.
If this or anything like this has happened to you, DONT WAIT WE CAN HELP!
Hope Mitigation can help you with your real estate issues. If your mortgage(s) are facing non payment and you need options and answers, CALL HOPE MITIGATION 815-312-1476 and get a FREE 2 hour consultation. If we cant provide a solution, your not in trouble! Youve dealt with the rest now Choose the BEST!
Nick Mancuso
Hope Mitigation
12 Responses to “Check Your Bank Account! Money May Be Missing”
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Hey would you mind stating which blog platform you're working with? I'm going to start my own blog in the near future but I'm having a hard time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I'm looking for something completely unique. P.S My apologies for being off-topic but I had to ask!
WordPress is the platform we use
Me too, tyvm for posting this..
Hi Barb!! Owning our own home is kind of a crazy, yet wonderful idea. The bank owns it most of the time. I can't iinmgae not having a mortgage but many OWN their homes outright. God wants to be our security but we do latch on to things that entangle us so easily. These people lost their home and moved on-not sure where at the moment. I was their Realtor~didn't have much time to make them friends. They called me in the eleventh hour-too late for me to really help. That happened twice last year. God willing, I will get the ones closed that I am working on right now. Love and hugs to you my dear sister!!
I feel satisfied after rednaig that one.
It's wondreful to have you on our side, haha!
Chris I could try it on my dogs and horses, heovewr ..I like them more than most humans. LOL Most likely after all the years in this business not to far from the truth. My professional skepticism and cynicism are on my sleeve, have tried to hide them, but to no avail.Paul They are right, we do not have the manpower or time, we are exhausted and beat up. They are scum suckers, whether they are in my shop or someone elses' shops. We do use tools to catch that stuff on my platform, but an eyeball is the best method I know of to date. Actually as weird as it may seem, when I open that kind of file ya just kind of know. Can not explain the reasons for that, but to date I am batting 100% on the fraud-o-meter. Must be that healthy professional skepticism and cynicism working over time.Do I catch it all, probably not, do I catch the most egregious, most likely, rather transparent stuff. Do I get as angry as you, yes, is it well received (the anger), no. Read some of my articles Moe appears to like to post them. Yeah I get real angry and sad, does it do any good, no. Do I feel betrayed, yes. Are we all betrayed as an industry and as consumers and as a community, yes. Leaves you feeling real empty, I am truly sorry for all of us.
I wanted to let you know you wrote a great article.
Howdy really like the blog, have saved this for future reading.
Artclies like this make life so much simpler.