Complaint / Review
Midland Mortgage Company
Over $176 in Late Fees Claimed Despite On-Time Payments

I have lived in my first home for just over four years, and my mortgage was sold by Aurora to Midland Mortgage in June. I have just come out of bankruptcy due to poor financial decisions and poor money management. My house was not listed as part of the bankruptcy. Before I received my "discharge," I was notified of the sale of the mortgage.

I paid my first payment to Midland for July at the end of June, and I have paid on time every month since. This past Saturday I received a phone call from Midland Mortgage asking me to call them. They were closed, of course, but I listened to the prompts. I was "informed" that I owed them over $176.00 in late fees.

I mailed my last house payment via USPS 3-day delivery with signature confirmation. They received my payment at their facility on 11/14/05, yet it has not cleared my bank (today is the 17th). I have researched it, and all of my checks have cleared the bank 7-10 days after the 16th of each month.

I am very concerned. How can the consumer be empowered to prevent mortgage companies from selling mortgages? Good luck to those of us who are being victimized by corporate America.