Dear Mr. Azrael:
In April 1997,I bought a house through the Veterans Administration.
I was sending my payments to them, then I found out that they sold my mortgage to Season Mortgage Co.
But as I was sending them my payments they told me they didn't have any information concerning the house.
All I have is the deed to my house. I haven't received my settlement papers or any other papers concerning my house. I had to pay $1,200 for the taxes on my home so I wouldn't lose the house.
I also have called the VA and they haven't returned my phone calls, and I'm really beginning to get worried about this matter.
Can you help in any way?
Dear Ms. McFadden:
Quite often, mortgages are sold and homeowners like you are notified to send their payments to a new mortgage company. You should make sure your monthly mortgage payments remain current.
Normally, your monthly payment includes an escrow amount for real estate taxes.
Instead of paying the tax bill, you send it to the mortgage company which pays the taxes from the escrow sum you have paid.
Since you paid the taxes directly, you may be entitled to a refund from the mortgage company.
I suggest you contact Season Mortgage Co. and obtain a current statement of your loan and escrow balances.
Also contact the title company or attorney which handled your closing to obtain copies of your mortgage and other loan closing documents.
Pub Date: 4/19/98