Monday, December 10, 2007

Another Homeowner Facing Foreclosure Despite Making All Mortgage Payments

In New Port Richey, Florida, WTSP-TV Channel 10 reported last week:
  • [Nadine] Knowles can't understand how she is losing her home despite making mortgage payments of $812.90 to Litton Mortgage every month. Knowles' certified bank statement shows the checks were cashed, but the company says she defaulted. "It just doesn't add up," Knowles says.

  • Knowles believes her problems started after her initial mortgage on the house was sold to another mortgage company. The new company started an escrow account for her taxes and insurance, even though Knowles has proof she has already bought and paid for insurance and paid the taxes. [...] But it did no good when Knowles came to Pasco Court and showed the judge she had proof that she had made her payments and it had been deducted from her account. The judge issued an order that her home be sold on the courthouse steps.

For more, see Woman makes payments, but faces foreclosure. Go here to watch the WTSP-TV Channel 10 coverage.

Go here for a story of a Maryland family who lost home to foreclosure despite making all the mortgage payments.

Go here for other posts on other lender screw ups. ForeclosureLockOuts