Fred Chamberlin

MLO 271072 OR & WA

Retired Mortgage Advisor

Oak Harbor WA 98277

541-221-3455 cell

MyBlogLog

Look inside >
26 27
Government-Lending Changes to Know

 

Blog Directory

Taylor, Bean and Whitaker files for Chapter 11 Bankruptcy

According to Reuters, Taylor, Bean and Whitaker (TBW) has filled for bankruptcy protection under Chapter 11 of the bankruptcy code. If you ready a a previous post of mine, you will find that the company had been shut down by HUD after irregularities in their reporting procedures and concerns of fraud.

tbw thumb Taylor, Bean and Whitaker files for Chapter 11 Bankruptcy

As one of TBW’s clients, I was especially interested in what to do with my payment and have been getting calls and e-mails from people across the US with similar questions. In my call to TBW, I was told that Bank of America would be servicing my loan but that Wells Fargo would also have some of the current customers. Bank of America advised me to hold my payment until I heard from them.

Everyone should make their own decisions about this, but the article from Reuters says that TBW is not able to access their accounts and process payments, so I think that there are interesting things to be done in the future. Please let me know what you are experiencing and I will share it on my blog. As always, if you have questions, please call 541-342-7576/541-221-3455 Cell or e-mail.

button1 Taylor, Bean and Whitaker files for Chapter 11 Bankruptcy
Be Sociable, Share!
  • more Taylor, Bean and Whitaker files for Chapter 11 Bankruptcy

2 Responses to “Taylor, Bean and Whitaker files for Chapter 11 Bankruptcy”

Leave a Reply

*

CommentLuv badge

Mortgage Calculator
Purchase Price
Down Payment
Interest Rate
Property Tax (Per Year)
Homeowners Insurance (Per Year)
Homeowner Association Dues (Per Year)
PMI
Term (years)
Start Date
Calculate
Powered by CalculateStuff.com

EugeneLoanGuy.com provides this calculator as a resource only and in no way guarantees the accuracy of the results. Please contact me directly for more specific information regarding payments, terms and interest rate for your specific situation.

Follow Me On Twitter
Search My Site
Find Oregon MLS Listings
Submit An Article
Categories
Google PR: 0
 · 
Alexa Rank: 0