Re: persfin-digest V5 #89

From: Jo Anne Freeman <jfreeman@calpoly.edu>
Subject: Re: persfin-digest V5 #89
Date: Thu, 18 Feb 1999 08:19:25 -0700

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persfin-digest wrote:
> 
> persfin-digest       Thursday, February 18 1999       Volume 05 : Number 089
> 
> In this issue of the Personal Finance Digest:
> 
>        Chase Manhattan Bank
>        Can I deduct these points ?
>        Education IRA
>        Need info on Medicare and Medigap
> 
> The messages posted to the Persfin-Digest are opinions and are not
> intended to substitute for qualified professional advice.  Subscribers
> should seek the services of qualified professionals for such advice.  The
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> Copyright (c) 1998, Jeff Salisbury
> 
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> ----------------------------------------------------------------------
> 
> Date: Mon, 15 Feb 1999 07:43:25 -0500 (EST)
> From: Martin S Turnauer <mturnaue@runet.edu>
> Subject: Chase Manhattan Bank
> 
> For 24 years and 10 months we have had our checking account on
> automatic deduction for our house payment. We have a 25 year mortgage.
> 
> Over the years the house loan was sold to Chase Manhattan bank.
> 
> With 2 payments left Chase Manhattan Bank stopped requesting of my bank
> the monthly payment. In January I received a default of loan payment on
> my house from Chase Manhattan.
> 
> I called them and they told me, they do not use the automatic payment
> during the last 2 months.
> 
> I called my bank and sent a cashiers check to Chase Manhattan to pay
> off the last 2 house payments. (They wouldn't accept a personal check
> after 24 years & 10 months)
> 
> I am still receiving default of loan letters since they have no record
> of receiving the cashiers check.
> 
> My bank has the cashiers check returned and endorsed by Chase Manhattan
> Bank.
> 
> My bank has sent Chase Manhattan a copy of the returned, cashed cashiers
> check and they still will not credit my home loan as being paid off.
> 
> Any ideas of what I should do with these idiots at Chase Manhattan?


I would send a registered letter with receipt requested to the CEO and
President of Chase Manhattan bank with a clearly indicated copy to the
New York Times and Wall Street Journal.

HJF




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