someone elses pay off i put the link here n a tex

Upload: julianthacker

Post on 04-Jun-2018

215 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/13/2019 Someone Elses Pay Off i Put the Link Here n a Tex

    1/3

    CRPRDNRB558b 1 1 1 2 0 12 7 : 1 6 : 3 1 M PAGE 2 / 0 0 3 8 8 8 2 9 4 5 6 5 8

    Bank of America

    Home loans

    Payof f Department Mail Stop TX2981-03-1371 5 Corporate DrivePlano TX 75024-4 1

    AUTOMATED PAYOFFFAXED DEMANDXXXX 99999

    PAYOFFCALCULATION

    PrincipalBalance as of 11/01/2009Interest from 11/01/2009 to 01/20/2012County RecordingFeeUncollected Late ChargesFees DueAdditionalFees and CostsEscrow Balance Due

    S310L1 11244 03/3012010

    PAYOFF DEMAND STATEMENT

    Statement Void AfterJanuary 20, 2012

    Statement DateJanuary 10 ,2012

    Bank of America, N.A.loan No.: 22206208

    Name Property Address:Marquis Booker3501 Link Valley Dr 303Houston , TX 77025

    Fa xed to : 1-713-827-3102

    $126,948.6921,124.89

    16.00507.21796.0075.00

    17,798.03

    Total Amount Required to Release Lien (As of January 20, 2012) 167,265.82

    AMENDED DEMAND STATEMENTS ARE SENT AUTOMAT/CALLYIF THE TOTAL AMOUNTDUE INCREASES BEFORE JANUARY 20 2012.

    INTERESTCALCULATIONS

    For all full month payment periods, interest is calculated on a monthly basis. Accordingly, interest for all full months, includingFebruary, is calculated as 30/360 of annual interest, irrespective of the actual number of days in the month. Forpartial months,interest is calculated daily on the basis of a 365 day year.

    Adjustable rate mortgage loans may have more than one interest rate in effect during the period in which this demandstatement applies. Amended demand statements are sent automatically if the total amount due increases before January20,2012.

    rom To Interest rate01/01/2012 01/20/2012 7 .5000

    'DailyInterest= PrincipalBalance x Interest Rate+ 365

    PAYOFF INSTRUCTIONS

    Payoff funds mustbe made payable to Bank of America, N.A. and will be accepted by WIRE or CERTIFIEDFUNDS ONLY. TheyMUST reference the Bank of America, N.A. loan number, property address and borrower's name in the OBI (OriginatorBeneficiaryInformation)field of the wire transfer or on the face of the check and must be sent per the instructions below. Failure todo so may cause delays resulting in additional interest due or the return of the funds to the rem itter. Funds received after 4:00p.m.Central Timemay be posted the followingbusiness day.

    Wire Funds to:BeneficiaryBank: Bank of America

    ABARouting : 0260-0959-3BeneficiaryAcct Name: MRCMRCAccount 12356-19173

    Reference: Marquis D BookerLoan Number: 22206208

    Mail CERTIFIEDFunds to:Bank of America , N.A.

    Attention: Payoff Department, Mail Stop TX2-981-03-137105 Corporate Drive

    Plano TX 75024-4100

    PLEASE DO NOT SEND CERTIFIEDFUNDS TO THE WIRE FUNDSINSTRUCTIONSABOVEAS CERTIFIEDFUNDSMUST BEPROCESSED IN OUR PAYOFF DEPARTMENT.

    This communication is from Bank ofAmerica, N A the servicer of your home loan .

    Please callt-800 -669-5833for updated payoff informationwithin24 hours of submittingfunds.For fnlemal Use Only : 5 See followingpage for ImportantInformation.

  • 8/13/2019 Someone Elses Pay Off i Put the Link Here n a Tex

    2/3

    CRPRDNRBS58b

    Bank of America, N.A.Loan No: 22206208

    1 / 1 1 / 2 0 1 2 7 : 1 6 : 3 1 AM PAGE

    Statement Date:January 10 2012

    The followingescrow items may be disburoed priorto our receipt ofpayofffunds:ESCROW Escrow Item Last Pmt DateACCOUNT County Tax 12/0912011INFORMATION

    IMPORTANTINSTRUCTIONSON PAYMENTOF SHORTAGE

    3 / 0 0 3 8 8 8 2 9 4 5 6 5 8

    Statement Void After:January 20, 2012

    Last Pmt Amt4,340.42

    Next Due Date1210112012

    If the payoff amount actually received by Bank of America, N.A. to pay off your loan is insufficientto pay the amount due asdescribed in this statement, we may treat your payment as an instruction to deduct the shortage from any refund you wouldreceive of monies from your escrow account. We will not do this, however, if (i) the shortage is greater than 2,000.00, or (ii)you have instructed us not to do so. You may contact our Customer Service Department for this purpose at 1-800-437-5760.

    PAYOFF OVERAGES

    IfBank of America, N receives funds greater than the amount requiredto pay off your loan, we willautomaticallyprocess theoverage within 14 days after payoff and return the excess amount to you. If an address change is being submitted on behalfof the borrower, the fonm MUSTbe signed by the borrower forthe address change to take effect.

    BANKRUPTCY DISCHARGE

    Ifyou have received a discharge of this debt in a bankruptcy, you have no persona l obligationto repay this debt. However, thelender may still foreclose on your property if the debt is not paid as required by the loan documents. This payoff statement isprovided at your request and for your convenience. This is not an attempt to collect a debt that has been discharged, nor ademand forpayment.

    ADDITIONALINFORMATION

    The payoffamount indicated in this statement is subject to change for various reasons, including but not limited to thefollowing:

    We may not have posted a recently submitted payment; (Please DO NOTplace a stop payment on any check A ee may be assessed ifa payment is returned unpaid by your financial institutionfor any reason;

    Additionalor anticipated fees and costs may be incurred relating to collection, foreclosure, bankruptcy, or other defaults onyour loan;

    Adjustments may be required to reflect disbursements made by, or payments owed to, your prior lender if the servicing of yourloan was transferred to Bank of America, N.A.;Late charges may be assessed for delinquentpayments received after: 0111612012;Funds may be deducted from yourescrow account to pay taxes, insurance or other escrow items that become due.

    Automated PayoffRequest Line 1-800-669-5833 Fax: 1-888-836 8714

    Nota: Si necesita a informaci6n incluida en a Demanda de Liquidaci6n traducida at s p n ~ por favor comuniquese con nuestroDepartamento de Servicioal Clienle alt-800-437-5760.

  • 8/13/2019 Someone Elses Pay Off i Put the Link Here n a Tex

    3/3