Mortgage Payment Collection Issue

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Summary

If your mortgage servicer hasnt collected payments for 6 years, it may not be illegal, but you are still obligated to pay. If they were in legal trouble, it doesnt absolve your responsibility. Consult a local attorney and consider filing a complaint with the New Jersey Department of Banking and Insurance.

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my mortgage servicer has not collected any payments for 6 years, is that illegal?
Hello ****, it's not necessarily illegal for your mortgage servicer not to collect payments. However, if you have a mortgage, you're generally obligated to make payments.
- If you haven't been making payments, it might lead to foreclosure.
- If they haven't been collecting, it could be due to an error.
It's advisable to consult with a local attorney to understand your specific situation better.
what if the reason they didn’t collect was because they were in legal trouble
If your mortgage servicer was in legal trouble and didn't collect your payments, it doesn't absolve your responsibility to pay:
- You should keep the funds aside.
- Try reaching out to them or a legal professional.
- Check if your mortgage has been transferred to another servicer.
So it would be okay for them to break the law ,just not me
No one is allowed to break the law, including mortgage servicers. If you believe they've acted illegally, you may:
- File a complaint with the New Jersey Department of Banking and Insurance.
- Consult with a local attorney to explore potential legal actions.