Mortgage Guide

Duck H asked:

I owned a house, financed through GMAC mortgage from 2001 to 2005, when I sold it. Years go by, nothing wrong. As of January this year, they reported me for being delinquent on a single mortgage payment… 3 yrs later.

I started the process of a home loan app today with another company and they tell me I currently have a mortgage loan, for the exact amount of my old mortgage. I keep tabs on my credit using equifax.com and I had never seen antyhing. Today I check back, and now it shows I have a $130,000 mortgage (amount of my old house) to some comapny I’ve never heard of. In fact, there seems to be a few names involved - my credit report shows “NetBank” and the person processing my app shows RBMG, and I also saw a Resource Mortgage somewhere too. The only phone number I found is busy all of the time. I googled the address and it leads to south carolina consumer protection agency.

All of this is really weird. Anyone seen this before or have any idea what is going on?

Question posted courtesy of: Bertha

KnottedBrain asked:

I’ve lived in this home for about 20 years. My parents had mortgaged the house with some old mortgage company and had paid off the mortgage. I’m trying to sell the home now and a title search is saying that the mortgage is unpaid, but I am 100% sure it is paid off. I can’t find a satisfaction of mortgage payment letter on my side because my parents have passed away. The mortgage company that gave the mortgage was gone long ago and purchased by a new bank. Their records are gone. My parents were paying property tax etc. and never ever had a problem with someone claiming the mortgage hasn’t been paid. I’ve actually already hired a lawyer and she has gathered tons of evidence and has already brought this information to court, but he tells me that a judge must review the information. It’s been almost a year and I am still waiting for my money to get released from the title company. My attorney assures me that my case is solid. Is there anything I can do to try to speed up this process?

Question posted courtesy of: Robert