M&T Bank Corporation Mortgage department,
FHA mortgage Loan servicing, payments, escrow account California
During our Chapter - Bankruptcy, - - - offered us a Trial Modification, we accepted. After the first modification payment our loan was sold to M & T Bank/- - -. It came to our attention that there is an error on the Loan Modification Agreement. We contacted M & T Bank regarding the additional $21000.00 that was added to the modication and we received a letter stating how they came up with the figure. ( See Attached ) During our Chapter - bankruptcy, we were paying - - - Arrearage, the amount paid to them was $10000.00. On a previous letter sent to me regarding my request for explanation of mortgage account it states the balance of the loan as of - -, - was - and the total amount due in your loan as of - -, - is $290000.00. M & T was not the servicer on our loan in -. We are concerned why the additional $21000.00 was added to the loan modification.I have also included a document from - stating that my balance on the loan as of -/-/- was $270000.00.
M&T Bank Corporation customer in California
May 24, 2016
* Source: CFPB Complaint Database
M&T Bank Corporation response to complaint:
Closed with explanation
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