How Does A Mortgage Work
I looked at some county deeds on houses that are in pre-foreclosure. You can look at histories of the property. On a couple of houses it lists a Bank as the lender and somone else as the Mortgage holder. The company that is the Mortgage holder is Mortgage Electric Registration Systems INC (MERS). So if I wanted to talk to someone about a short sale would I talk to Mers or the original lender?[ Edited by Cgstonex on Date 02/14/2005 ]
MERS is simply a registration system. The number shown on the document will work to give you the current holder of the legal rights of the mortgage, and that entity is the one that must negotiate a short payoff.
NOT legal. BUT what can you do now, three months later? Probably not much.
You needed to address the problem RIGHT AWAY.
You should have told the bank that the charge was unauthorized, and they should reverse it. BUT, now what are you going to do, go talk to the bank and tell them they owe you the debit on an account you closed, three months ago?? What would be their motive for helping now that the account is closed, and you no longer do business with them? WHO KNOWS, you may have some luck, contact the bank.
Sam