Can I switch payment due date on a Midland Company home loan?
GMAC supposedly sold my mortgage home loan (which I am a long standing customer and have always made payments on time) to some company called Midland Mortgage Company without warning at all. Now all of a sudden Midland Mortgage company has home loan and will only take the payment out on the 1st of the month (which I have never had a problem with picking a payment date with GMAC) whether you have money to pay it exactly on the 1st or not. Is there any way possible to change the due date with this company or were they being truthful when they said that they can only take payments on the 1st of the month (something I have never heard of with a mortgage company)? Yes, I have a good job, but haven’t had a full paycheck in a year because of the economy; people holding back elective surgery and 4 more hospitals opened up. I have taken a 15k pay cut because of the economy… so who thinks i should have forecasted the fact that banks were over inflating and corrupt politician and corrupt appraisers that were over inflating the price of homes. AS WELL AS THE BANKS. FOR the boneheads that don’t understand; I do Understand that I owe the bank money; but wouldn’t it be easier and SMARTER for everyone involved if instead of me walking away and the bank not getting their money, that they work with me in modifying the loan or at least work with a payment I can afford? Don’t you think that would not only help me, and the bank but ALSO THE BIGGER PICTURE, the economy as a whole.