We have had trouble with AMC from the beginning and did not do our homework prior to going with them. Our fault! However, we sold our home in Florida and the paperwork was to be completed on May 15th. I elected to have May's payment taken from the payoff, which in hindsight was not the best decision. However, the home did close on June 1, after a delay due to both us and the buyer's being out of the Florida area and having to overnight papers to the title company. When the title company sent the payoff to AMC, they threatened to return it since it did not include 4 days additional interest (due to interest changing on June 1). The title company convinced them to let us send an additional check for $471 plus change for the difference. We sent it overnight mail and they signed for it, accepted it, etc.
Now today we get another call and AMC says we are still delinquent because even though they have the check, it has not been posted and won't be for 5-7 days so we should expect calls daily. AMC seems to be doing their best to sabatoge the entire deal.
Additional things AMC has done: they were to notify us when two years were up so we could be sure we did not end up in an ARM. They never did and we were not able to get anyone who would help us out —
The original mortgage was to be for 6.40%; when we signed the papers it had jumped of over 7%. Their comment: oh, that's nothing to worry about. (Again, we should have backed out but we had been hit by 4 hurricanes and were caught in a financial bind.)
And, it was just brought to my attention that under the Fair Lending Agreement where race is marked, they had us as African/Americans. That in itself does not bother us, except we are caucasian, and did they do this to receive undue benefits?
Do we have any relief available?
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