Some Examples Of Issues To Dispute In A Qualified Written Request

By Author: Nick Adama
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When attempting to get information from a lender or servicing company, homeowners can take advantage of their legal opportunities under the Real Estate Settlement Procedures Act to send a Qualified Written Request (QWR). A QWR is meant to help borrowers raise disputes with their mortgage servicer and have those issues resolved in a timely manner.

Homeowners, however, may not know what things to ask of the lender, or why they are requesting certain documents or records relating to the loan and its servicing. Most questions revolve around various disagreements that borrowers may have with a creditor, including amounts owed, dates when payments were made, and the nature of the relationship between the company getting
receiving collecting payments and the true owner of the loan.

For instance, borrowers may wish to request a complete payment history including the dates that payments were made, as well as the amount the lender claims it acquired. Also requested could be a breakdown of how the payment was distributed, whether to principal, interest, taxes, property insurance, late fees, suspense accounts, or any ...
... other fees.

For homeowners facing foreclosure, a description of all charges and fees on the account could be disputed, for which a QWR may be appropriate. Homeowners could request that all of the arrears and fees relating to the foreclosure be itemized and justified by the servicing company. This can be an especially hard request for the bank to fulfill, as many often just make numbers up for delinquent accounts.

Any change in the monthly payment should also be carefully scrutinized and disputed if the homeowners did not specifically agree to it. Even if they did, if the amount does not look agreeable, it may be worth disputing and having the servicer check into the loan. Homeowners can request the bank to explain how the new amount due was calculated and why it was increased.

As with any foreclosure scenario, there will be a whole range of issues that are specific just to that particular case. Thus, the issues described above should not be taken as an full list of QWR questions at all. Homeowners will inevitably run into their own issues when attempting to stop foreclosure, and they will be able to create their own Qualified Written Request letter to the servicing company in order to attempt to resolve any disputes.
Nick writes articles on how to stop foreclosure. To learn more about numerous methods to save a home, before or after a foreclosure auction, you can visit his website online here: http://www.foreclosurefish.com/