In article ,
Vic Smith wrote:
On Mon, 06 Jun 2011 20:40:55 -0500, "
wrote:

On Mon, 06 Jun 2011 19:56:58 -0400, Kurt Ullman wrote:

In article ,
" wrote:


Again, I don't see this being the worst thing that could happen.


Never said it was the worst that could happen and you noted some
times where it might be good idea. Just don't like the banks pushing it
on everyone as a good idea as they have recently with some friends.

It's far better than sitting with a high-rate mortgage because you can't
afford the closing costs. After than, it's up to each individual to calculate
which offer is best for them.

Sometimes you have to coddle the banks along.
I called BOA for instructions on a 10 g principal payment.
The lady told me to write "Apply to Principal Only" in the memo
section of the check. That went fine.
About a year later I did the exact same thing with about 3 g's, can't
remember the exact amount.
So I notice I don't get my monthly bill, and call them.
They had applied it to monthly payments far in advance.
Crazy, but good for them.
I had them straighten that out, and retroactively too.

It took alot of complaining to get WaMu to even read the coupon. I
doubt they cared what was on the check beyond the amount.

After the penultimate payment they (now Chase) sent a payoff quote.
They want a cashier's check, a new and onerous requirement, which I
imagine was so they'd have an instrument that couldn't be reversed after
they file the reconveyance. But they also say that they'll make up any
shortage from the escrow acount which turns out has a balance of at least
twice the payoff amount. I failed to convince them to just take what
they needed from the escrow acount and refund the rest. Not even
pretending I paid them $0. Instead it had to be done the extra stupid
way. For the final months payment I sent them a regular personal check
for $X and they sent a check back for $2X.

m