Back in May My ex-wife paid off my present wife mortgage for $110,500 with a certfied assignment bonds which Washington Mutual accepted. On June 12 Washington Mutual sent our escrow refund check of $760.00 back to us. Washington Mutual also sent us a Paid In Full Letter stating that they would be notified their Release Department to prepare a Deed of Reconveyance/Satisfaction of Lien within thirty days.
In September my wife applied for a Equity Line of Credit for $60,000 and was approved by Encore Financial.
In October Washington Mutual informed my wife that their bank did not accept the Certfied Bond and that she was 7 months behind on her mortgage. I ask Washington Mutual where was the orginal bond and paperwork that was with the bond they said they do not know, but will do an investigation to locate it as of today Washington Mutual has not located the bond.
In February Washington Mutual informed my wife that they will be foreclosing on our house if we do not pay the back installments which by the way is over $10,000 now.
I am looking for someone that can help me in this situation because I know that there is some kind of law that govern the acceptance of payment.
I also know that if they did not accept the bond they would have immediately sent the orginal bond and paperwork attached to it back to me. It has been since May that all this took place and we also have gotten another mortgage on this property.
Is there anyone out there that can help please! Please contact me.
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