Should I pay with regular check early or Certified on 2nd of month?

[HereinNY]

My mod starts on Sept 1...the documents do not say certified check but when I call they told me to send certified..if I do that I need to get it on the first of the month and overnight it to get there on the 2nd...does anyone know if that will be a problem?

[Moe Bedard]

Send it certified to make sure you'll be fine.

[Rumor]

HereinNY,

They also told me to send in certified funds and they told me to do so until the website and statements are updated. She told me it could take 3 months before everything is updated. Have you heard the same from them? 3 months seems like a really long time to get it updated...

[CW California]

Hey Rumor and Herin
I made my first payment yesterday for Sept. 1. I called advocacy and they did it over the phone. They waived the fee since I was paying it early. I was able to do so because they had added Aug. interest to the loan, so no Aug payment. I think usually it is $12-20 bucks to do it over the phone but I was happy to even pay that as I got a confirmation number and I know it was put where it belongs on the account. (since mine isn't updated yet either.) Hopefully it won't take three months to update but they have a long process to go thru.

[HereinNY]

HEY CW CAL
Thanks for the info..did you just call advocacy no. 877-327-9225?

[Rumor]

CW,

It states on my docs to send it to address in Dallas, TX. Did yours have the same?Ours is thru MHA so I wonder if Advocacy will take our payment. I'm still waiting on the docs for the Naca mod on the 2nd and I would like to make the payment at the same time. I hope they send them quickly so I can get Septembers payment out of the way.

[AzGryffindor]

My Trial Period Mod docs (HAMP) say to send the payment to the normal payment address in Van Nuys, CA. Nothing has ever been mentioned about certified funds. Usually, banks only require those if you have bounced a check with them in the past.

I sent in last month's payment (regular check) to the Van Nuys address and it's showing that it posted but it's in suspension.

[sahm2two]

just curious....how much reduced is your trial payments?

[AzGryffindor]

Originally Posted by sahm2two

just curious....how much reduced is your trial payments?

We went from $1069/mo down to $641/mo. We're saving $428.00/mo.

[Rumor]

AZ,

We've never bounced a check before and our docs don't say certified funds but the BofA reps told us they require certified funds. I guess I understand that they might want certified since it's a modification but I just want to make sure that we're doing everything correctly. I don't want any problems from them.

CW,
how long did it take for you to get the docs after getting the approval email?

[AzGryffindor]

Originally Posted by Rumor

AZ,

We've never bounced a check before and our docs don't say certified funds but the BofA reps told us they require certified funds. I guess I understand that they might want certified since it's a modification but I just want to make sure that we're doing everything correctly. I don't want any problems from them.

It's kind of strange that you're sending the payments to the TX address. In my docs it specifically stated NOT to send any funds to their address as they would NOT get processed.

Personally, I would go by what you have in WRITING and not what someone told you over the phone. If something goes wrong with the payments over something someone told you on the phone, you have no way to prove that "person X" told me to do it this way. However, if you go by what you were told to do in writing, you have proof.

[sahm2two]

Originally Posted by AzGryffindor

We went from $1069/mo down to $641/mo. We're saving $428.00/mo.

Wow! That is awesome! Thanks for the quick reply

[Rumor]

AZ,

I'm assuming maybe based on what mod you have, it's different addresses??...I'm not really sure. Our docs say Dallas and when I asked the rep, she said to send them no where else other than the address on the docs. I would prefer sending regular check because I could see when they cash it but I'm not sure I can track on a certified check. I'm going to ask David from BofA if I have to speak to him again regarding our Naca mod.

[sweet75]

We are sending to the address on the docs and using our regular payment method. Personal check. The Documents state in several places to use our usual payment method.

[CW California]

Originally Posted by HereinNY

HEY CW CAL
Thanks for the info..did you just call advocacy no. 877-327-9225?

Yes I believe so. Just be sure the person on the other end knows how much your payment should be. When I first called they said, "oh you owe blah blah blah, the old amount. I said actually the reason why I am calling is I signed and returned modification papers and I want to make my new payment. She was very nice and said ok let me look in a different place for that. She knew the new amount so I felt pretty good about it.

[CW California]

Originally Posted by Rumor

AZ,

We've never bounced a check before and our docs don't say certified funds but the BofA reps told us they require certified funds. I guess I understand that they might want certified since it's a modification but I just want to make sure that we're doing everything correctly. I don't want any problems from them.

CW,
how long did it take for you to get the docs after getting the approval email?

I got them pretty quick. Maybe within 7-10 days. Oh and by the way. I made that payment yesterday and today I can not access hardly anything on the BofA sight so I am hoping it will be updated soon.

[hope67]

Originally Posted by HereinNY

My mod starts on Sept 1...the documents do not say certified check but when I call they told me to send certified..if I do that I need to get it on the first of the month and overnight it to get there on the 2nd...does anyone know if that will be a problem?

I was told that I can call them and make a payment post dated check for Sept 1 which is also my first trial payment due date. However, they would charge $20 for accepting a payment over the phone. They will give you a confirmation number.

[HereinNY]

hope67- Who said that? Is it the advocacy dept?

[hope67]

Originally Posted by HereinNY

hope67- Who said that? Is it the advocacy dept?

Actually I already made my first trial payment, they do accept them but they charge $20. The person who told me was, I believe, from the hope or Home Retention dept.

[rkel11]

My docs said to send payment to texas address and when I do, they will get a check. My 1st payment was posted as a partial in that last collum.?????????

I got a great Idea! Why don't we all draw names and make payments to each other! I don't think BofA would know any better...........

[hope67]

Originally Posted by rkel11

My docs said to send payment to texas address and when I do, they will get a check. My 1st payment was posted as a partial in that last collum.?????????

I got a great Idea! Why don't we all draw names and make payments to each other! I don't think BofA would know any better...........

LOL.. this is too funny