Hello Diane, I was so glad to find your blog!!!! Oh my goodness I am having some problems.I could use some advise.I thank you in advance for taking the time for all us real estate idiots.Ok here it is my Title company dissolved and never paid my closing settlements ever from the closing settlement(credit cards,medical bills and insurances)One was an insurance to cover my mortgage in case of injury or illness etc.It is now almost 2 yrs later and my credit is destroyed form this.The title companies owners are now in big trouble for embezzling closing settlements owed to third parties as I have described above.The medical bills i mentioned were negotiated prices that were supposed to be paid 2 years ago so now they are back to the old prices and everything is in collections.Mortgage company knew about this because when I went to refinance they denied me because the settlements had not been paid .Mean while my credit rating is in the toilet and in june when I tried to activate my insurance because I was attacked and was injured I was then informed by my mortgage company that the insurance included in the settlement payment was also never paid.Now I contacted the Title insurance company and they are not responding so well we both agree settlement was never paid but the long lasting effects of this will last along time if they do not cover the insurance issue.Hope I am not to confusing.Please any advice would help I am looking for an attorney but until then tick tock my credit rating drops to 396 AHHHHHHHHHHHH I don't even have any credit cards HELP Please thanks
To which I responded:
I can't give legal advice, T, so don't take this as that kind of advice. OK?
I suggest doing all communications with the big title company via certified mail.
You should also contact your state Attorney General. They normally have a consumer department to assist resolving problems with a business.
If you haven't already done so, contact the state insurance department and perhaps the state mortgage banking department.
The HUD-1 form you have should list the debts you paid. Contact the credit bureau and submit this information and request that they put a statement on your record.
You may also want to contact your local legal services office for assistance if you can't afford to hire an attorney. Good luck!