🚀 go-pugleaf

unidextr@mindspring.com wrote:
> 
> On 8 Jul 1999 13:00:15 GMT, sjh@helix.nih.gov (stephen j. hagen) wrote:
> 
> >Actually, something like this happened to us when we bought our house
> >several years ago.  Things got straightened out, except for one thing:
> >some time later we reviewed our credit report and noticed that it indicated
> >(incorrectly) that we had been >30 days late on a mortgage payment.  We
> >wrote to the lender and supplied the necessary information, and they
> >supplied a correction to the credit bureau.  So you have to watch for this
> >kind of thing.
> >
> 
> Every time I have bought a house and a mortgage was involved the initial
> payment was always collected at the time of the closing/settlement and
> title transfer and the responsibility for getting it to the proper party
> was out of our hands -

If you go thru a mortgage company they "immediately" transfer it
to someone else. But this still takes a month or two to complete.

Since by law the old mortgage company must accept payments for 60 days
after the transfer (NOT notice), I'd wait for the new company to send
me a real bill or coupon book. Send your payments to the old company
with your loan number on the check etc. I'd trust them to forward it
to the new company more than I'd trust the new company to figure out
what to do with a paymen that may not have an account complete
activated.

Also, make sure the new account is set up properly. Last time
my escrow account got lost. They fixed it but still took awhile.

/dan