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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Check processing is automatic... Posted by Ward-CA- on November 27, 2003 at 9:35 AM In Reply to: Re: Fine tuning... posted by Jim on November 23, 2003 at 6:11 PM : Ward, : Thanks a million! That was exactly what I needed. I had previously prepared the paperwork via the old method, but I'll redo it with what looks like a cleaner process. : One further question and then I'm done: : - The old method informed the lender thru the letter that payments would be made thru the trustee. : - With the change in process, the letter to the lender cannot do that since the trustee is still the original owner. : - How is the "torch passed" so that I am able to make the Seller's mortgage payments? : Jim ========================= Jim, Just continue making the payments to the lender. Without any notice from you about the monthly payments the lender will assume the ex-owner is the one making them. The processing of loan payments is so highly automated, and expedited so quickly, lender’s don’t have the time nor inclination to examine each check. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : Thanks a million! That was exactly what I needed. I had previously prepared the paperwork via the old method, but I'll redo it with what looks like a cleaner process. : : One further question and then I'm done: : : - The old method informed the lender thru the letter that payments would be made thru the trustee. : : - With the change in process, the letter to the lender cannot do that since the trustee is still the original owner. : : - How is the "torch passed" so that I am able to make the Seller's mortgage payments? : : Jim : ========================= : Jim, : Just continue making the payments to the lender. Without any notice from you about the monthly payments the lender will assume the ex-owner is the one making them. : The processing of loan payments is so highly automated, and expedited so quickly, lender’s don’t have the time nor inclination to examine each check. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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