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Chapter 13 Payments Misapplied without Penalty

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Chapter 13 Payments Misapplied without Penalty

11-30-2008, 01:31 PM	#1
Repair Bad Credit Elite Member Join Date: Aug 2006 Posts: 2,121	An appellate court has held that a mortgagee may wrongfully apply post-bankruptcy payments to the pre-bankruptcy account without penalty.* Ameriquest Mortgage kept two separate books to account for mortgage payments, one computerized and one manually.* The computerized account would apply the latest payment to the earliest unpaid month, even if that month was before a [...] More...

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