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Recourse against title company for not paying mortgage off?

Date: Wed, 04/25/2007 - 09:08

Submitted by breakingeven
on Wed, 04/25/2007 - 09:08

Posts: 17 Credits: [Donate]

Total Replies: 1


Hi All - Would anyone know any recourse that I can take against a title company for not paying our mortgages off until 14 days after closing resulting in 30 day lates on our credit reports? We live in Ohio. Closed loan on 2/22/07 - recision period ended 2/26/07 - Funded per new mortgage company 2/27/07, but checks were not cut from title company until 3/5/07 :evil: resulting in negatives on my hubby's credit report. Is there anything we can do? He just had 2-60 days go over a year to get his credit back up because we were struggling winter '05 and he was late on mortgages. Those were a year old in 2/07, but now we have 2 new 30 day lates on credit report which is messing us up with him trying to finance some equipment for his business. Any suggestions? We already contacted a lawyer, but that was 2 weeks ago and we still haven't heard back from him. Am I crazy for thinking that someone should be held accountable for not doing their job?