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Guest

So we are trying to get a loan and my mortgage company was Taylor bean- they screwed up my credit and now say I missed my payments for 5 months. Well they are bankrupt now and BOA has my loan. How do I fix this problem and has anyone had this problem before. We are trying to close on a house in a month and need this fixed ASAP!

Thanks!

jenkin7 · Posted: Mon Mar 15, 2010 9:37 pm Post subject:

Hi Mike,

Did Taylor Bean sell off your mortgage to Bank of America? Do you have proof of that? Have you been making payments to BoA on time? If your original lender contacts you saying you have missed payments for the last 5 months, send them a letter to them along with the required evidences to prove that you are current on your payments. If there is wrong information on your credit report, you can send a dispute letter to the credit bureaus and have the information removed from the report.

Guest

Taylor Bean went bankrupt and BOA took over the mortgage. I have been making payments on time. The original lender is out of business and I am trying to dispute the claim right now. But we are trying to close soon and I am trying to figure out a way to explain this to the lenders- most lenders are really tough now because of everything that is going on and it's much harder to buy a house- when it should be easier..If you know of any good lenders let me know!

savior70 · Posted: Fri Mar 19, 2010 12:58 am Post subject:

To Mike,

If your loan is with Bank of America and if you have been making your payments on time, there should not be any problem for you to get the new loan. How good is your current credit score? If you have made payments on time, you can send the proof of your payments to the lender and also write a letter to them explaining your situation. There are lenders in this community. You may go for a no-obligation free mortgage consultation with them and check out if you can qualify for a loan.

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