Making last mortgage payment

[platinumdude]

I did some inquires with Wells Fargo. Apparently the last payment has to be made with a certified check mailed or a bank wire. I do not know why a simple online payment that get withdrawn from the checking account will not suffice. So that is an extra $30 for me. Also you can't use your escrow balance to be used to pay off the principal balance. They mail you a check up to 17 business days after the wire transfer.

[learn2swim]

I did some inquires with Wells Fargo. Apparently the last payment has to be made with a certified check mailed or a bank wire. I do not know why a simple online payment that get withdrawn from the checking account will not suffice. So that is an extra $30 for me. Also you can't use your escrow balance to be used to pay off the principal balance. They mail you a check up to 17 business days after the wire transfer.


Congrats, give them a call and tell them you want a cheaper alternative.

[palani]

Congratulations.

Now write them a nice letter informing them you want your ORIGINAL note and mortgage back upon receipt of your final payment or legal action will result.

[Fullpower]

I did some inquires with Wells Fargo. Apparently the last payment has to be made with a certified check mailed or a bank wire. I do not know why a simple online payment that get withdrawn from the checking account will not suffice. So that is an extra $30 for me. Also you can't use your escrow balance to be used to pay off the principal balance. They mail you a check up to 17 business days after the wire transfer.

I made my last mortgage payment in may 0f this year with an online transfer from checking account, Wells Fargo mailed me the land title or deed and they were even nice enough to record the document with the state .;. no BS, no problems.

[Neuro]

Congratulations, make the final payment online and see what happens...

Great to be debt free!

[bonaparte]

Congratulations! I paid mine off recently as well. It is nice to not have to pay the man.

Don't forget to let the auditors office and your insurance company know to bill you direct for property taxes and insurance now. It could take months for the official paperwork from the bank to get throught the system.

[StreetsOfGold]

Glad to hear that. I remember when I paided mine off, it was a great burden lifted off my shoulder.
I will never get one again... Lord willing

[Ponce]

Good show, you now can be a "good" American and get a second mortgage to renovate the kitchen, bathroom, buy a new car, a new boat and new furniture for the wholeeeeeee house............is the American way ;D

[platinumdude]

The deed is done. Now to figure out where to put the new money. Either in preps or some land property that can be used as a place of refuge later on.

[oldmansmith]

Congrats! I paid mine off this spring and had to pay the same jackass fee. I sucked it up and paid.

[mick silver]

i am hoping in a few more years my 80 t loan is pay off ... i just put down 40 t more last week . i am glad to see so many getting there home pay for it has to feel good ... good job guys

[EE_]

Question...
let's say someone wanted to pay off their home with cash hidden at home.
For the sake of the question, let's say $50K or $100K
How would you bring that cash in to pay off the loan?

[platinumdude]

Question...
let's say someone wanted to pay off their home with cash hidden at home.
For the sake of the question, let's say $50K or $100K
How would you bring that cash in to pay off the loan?


Some helpful links
http://www.irs.gov/pub/irs-pdf/p1544.pdf

http://www.irs.gov/businesses/small/article/0,,id=148821,00.html

The real question who be why would you have that much frns? Much better to have it in gold. If you do have it in gold, then you get a check or wired transfer and pay off the mortage that way. Also really, even if you deposit more than $10k, they will investigate, but if they can't prove you didn't do anything illegal, they can't do anything to you. Or at least I hope so.

[cthulu]

[falls down in front of your driveway] OH! MY LEG!! MY BACK!! MY NECK! MY BACK AND MY NECK! I'm suing you for 200 thousand dollas! Or gimme yo house! j/k

[Silver Rocket Bitches!]

So when's the mortgage burning party??

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