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Mortgage Payments Gone Astray

My lender would not accept my mortgage payment and forced me to send their own cashier's check. After 10 days, that cashier's check did not post to my mortgage account . Now they want me to sign a waiver saying they might or might not be able to locate my money and it could take 60 days. I need help. That was two mortgage payments, and I do not want to lose my house. I need help.


You shouldn't have any worries of losing your home over these two payments. It sounds as though the cashier's check was lost and they want an indemnification bond that says the checks were lost and won't be cashed if they turn up. The intent here is to get that check reissued and credited to your loan.

Published on BankingQuestions.com 1/15/09