I Hate CitiBank

[Dale00]

Write a letter to the President of the corporation and mark the envelope, "Confidential." Include a clear description of the problem and how you have been treated. Chances are fairly good that one of his underlings will pass it to someone with the power and motivation to straighten it out since it comes from the "Office of the President."

This is what worked for me when Citibank messed up after I paid off my student loan early.

 

[rlongnt]

Trust me. I hate them far worse. Enough said. Congrats on paying off your home that is an awesome thing.

 

[bsmith918]

I worked for them right out of college and hate them more than you can imagine. I was a loan officer btw....

 

[Spec ops Grunt]

Weren't they one of the bailed out banks?

 

[TurboFinger]

it's not just citi bank. once you've paid your mortgage off, the bank loses "the entire value" of your home from their already over leveraged mortgage portfolio making them even more over leveraged. they will drag it out to keep your home on their books as long as possible. banks hate people that pay off their mortgage early because they were counting on YOUR home being THEIR asset for 30 years.

 

[Shadowrider]

I know your deal is different but, maybe give you an idea? Good reading none the less...

Collier County, Florida -- Have you heard the one about a homeowner foreclosing on a bank?

Well, it has happened in Florida and involves a North Carolina based bank.

Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff's deputies foreclose on the bank.

It started five months ago when Bank of America filed foreclosure papers on the home of a couple, who didn't owe a dime on their home.

The couple said they paid cash for the house.

The case went to court and the homeowners were able to prove they didn't owe Bank of America anything on the house. In fact, it was proven that the couple never even had a mortgage bill to pay.

A Collier County Judge agreed and after the hearing, Bank of America was ordered, by the court to pay the legal fees of the homeowners', Maurenn Nyergers and her husband.

The Judge said the bank wrongfully tried to foreclose on the Nyergers' house.

So, how did it end with bank being foreclosed on? After more than 5 months of the judge's ruling, the bank still hadn't paid the legal fees, and the homeowner's attorney did exactly what the bank tried to do to the homeowners. He seized the bank's assets.

"They've ignored our calls, ignored our letters, legally this is the next step to get my clients compensated, " attorney Todd Allen told CBS.

Sheriff's deputies, movers, and the Nyergers' attorney went to the bank and foreclosed on it. The attorney gave instructions to to remove desks, computers, copiers, filing cabinets and any cash in the teller's drawers.

After about an hour of being locked out of the bank, the bank manager handed the attorney a check for the legal fees.

"As a foreclosure defense attorney this is sweet justice" says Allen.

Allen says this is something that he sees often in court, banks making errors because they didn't investigate the foreclosure and it becomes a lengthy and expensive battle for the homeowner.

ORIGINAL STORY FROM WINK-TV IN FORT MYERS, FLORIDA

CBS News / WINK

http://www.digtriad.com/news/waterc...orida-Homeowner-Forecloses-On-Bank-Of-America

 

[Shoot Summ]

You may have been better off inquiring what the payoff would be on a particular day in the coming week and sent that amount. The statement balance is not going to be the current payoff amount.

+1, this is the issue, would have happened no matter who the mortgage holder was.