[2much2pay]

LHarvey,

I apologize for not explaining my concerns clearly. You are correct about my major concern. I am unsure of the principle balance on my loan. I have actually tried using the amortization calculator provided by bankrate. I used the interest rate of 6.375 for the terms of 240 payments and its giving me $100,935.25 after 55 payments. Right now my account shows $110,321. Thats about $9,000 difference. I just want a rough amount, not exact.

They couldn't have taken any interest or missed payments and added to the back of the loan yet. They haven't fixed my account yet. If you are talking about when I did the partial claim...I don't recall of any fees.

The rep that I spoke with said they would be correcting the maturity date. She said she was sending a request for them to fix the account to have the maturity date of July 2024 instead of July 2027. This whole confusion started when my loan was transferred. Why did it take me this long to figure this out? I can't even answer that. I guess it was just negligence, irresponsible and too trusting. I didn't think the banks can screw the account up like this.

What I was saying about when my payments have not posted to my account was, it only says I've made 22 payments. Lets say I was current and July would've been my 60th payment.....where is the other 48 payments? Why shouldn't I worry if my account said 15 years or 18 years? If 48 other payments were made and it's not showing, how can the principle be reduced? I know that my principle balance has changed...but is it correct/accurate? I have never paid attention to the balance until now. Please forgive my ignorance. You're probably wondering what age group I am in to be so careless....I'll wait til you ask to answer that.

I'm going to answer your questions in the order that you have asked.....

1) $116,260

2 & 3) 1st year 5.25% $957.16
2nd year 6.25% $1021
3rd year 7.25% $1064
12/01/08 interest rate is 6.375% $1181/month
06/01/09 $1210/month due to shortage in escrow.


4) 40 payments

5) No payments on partial claim

The terms of a Partial Claim ...........these promissory notes assess no interest and are not due and payable until the mortgagor either pays off the first mortgage or no longer owns the property.


6) 03/01/09

7) 55 payments

I appreciate you responding to me. Please ask for more information if needed to assist me in this matter. Thank You....