Pay For Delete Letter

I suggest you write a one-page executive summary of the above and send it to your loan officer at CapWest. Explain in your summary the last two late payments were not indicative of your payment history. As a separate document, attach a detailed chronology of what caused the two late payments. If your explanation is plausible and the rest of your application is solid I do not see a major problem overcoming this blip in your history.

I am in a situation in which the only thing holding me back from refinancing is the fact that the Bank of America reported to the bureau that I was 30 and 60 days late or more on my last two payments in which I'm would be able to refinance if the 60 day late payment would be changed by Bank of America to a 30 days or more instead in which is the fact. Prior to this we have never late payments on our mortgages for over 15 years. What happened is the fact that we refinance with CapWest mortgage company with an original closing date of November 14th but was delayed to signing and closing on December 14th 2009 and a Disbursement date of December 18th 2009 in which Servicelink was obtained by WestCap and had my Bank of America payoff wired to the Bank of America on December 25, 2009 but unfortunately they were two days late according to the Bank of America "payoff Demand Statement" which was December 23, 2009. Because of this, the Bank of America voided the wired Servicelink payment for the reason of "incorrect amount" stating the shortage being interest amount for being late with the Service link Itemized Disbursement Statement document showing that the money was wired on December 25, 2009 with the Bank of America having a void posted date of January 7, 2010 in which Servicelink then wired either the entire amount or just the shortage on January 7, 2010 with a posted date of January 7, 2010. Because of the poor advice I received from CapWest Mortgage on telling us we did have to make the November and December payment because we were suppose to close in November as well I now have a 60 day and a 30 day late payment on my credit report. I'll take responsibility for the November as I should have been smarter by making the payment once it was delayed but knowing that the payoff date was in December and Servicelink making this mistake and admitting to it in writing I no longer can take advantage in such great rates wanting to refinance dropping from a 30 year to a 15 year mortgage saving myself a ton of money in the future. After contacting Servicelink they admitted to their mistake and said they would send a letter to the Bank of America without guaranteeing anything as long as I get them a name and an address in which they will send the letter to. I tried and have had no luck in gathering this information and feel it's not my responsibility as well. My overall goal is to get the Bank of America to change the 60 day late payment to a 30 day as they were suppose to and may have received my mortgage payoff at that time making it impossible in having a 60 day or late payment on my credit report. I also had a second loan with Bank of America in which we consolidated and the Bank of America did receive their payoff with a distribution date of December 18, 2010. I'm asking what I can do to correct this problem and ASAP as this is the only thing holding us back from refinancing in which we should have already closed. Thanks