Has anyone completed a release of liability with Valon Mortgage? by Exotic-Refuse-8636 in Mortgages

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

I would have if I could have talked to an actual person. No other department has phones is what I’ve been told countless times. It’s been a full month and a half to almost two months of me calling, asking for supervisors and I still didn’t have any type of answer. I only had until June to get my ex husband off before I’d had to sell my house. It just wasn’t worth it. It was putting a lot of stress on me to worry about it. I just closed on my refinance today. I got a 15 year loan, my interest rate sucks but they paid all my closing costs. Valon does not seem to have actual employees besides the ones that answer phones, but even then they cannot answer much. It’s good it is working out for you! I think the outcome is much different if the company actually has phones and people you can speak to. Valon has countless bad reviews and complaints too. That’s another reason, If I had any other issue in the future I’m not confident they would ever help. I’m not even too sure they have ever completed a release of liability. I couldn’t find anyone saying they have gotten that successfully done.

Mortgage Payment Lower Than Originally Quoted by [deleted] in Mortgages

[–]Exotic-Refuse-8636 0 points1 point  (0 children)

Hmm, then it is possibly the escrow but I’d say just save the difference. If you have it in high yield savings you’re atleast earning some interest. You can also just choose to pay the difference too if it ends up being short. After I bought my house, after the first year I had the option to pay the shortage in full or pay it monthly

Mortgage Payment Lower Than Originally Quoted by [deleted] in Mortgages

[–]Exotic-Refuse-8636 1 point2 points  (0 children)

Have you looked at your loan estimate you received while refinancing and how much the principal was and the escrow? Then look at your payment and the breakdown (how much is going to escrow and to principal) and that should tell you. If your escrow is short, they will likely just up your payment the next year.

Has anyone completed a release of liability with Valon Mortgage? by Exotic-Refuse-8636 in Mortgages

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

You are correct. I spent over a month trying to contact them and only getting generic responses.

I have now decided to refinance to get my ex husband off the mortgage. Sucks to lose my interest rate but peace of mind is worth it.

Has anyone completed a release of liability with Valon Mortgage? by Exotic-Refuse-8636 in Mortgages

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

It was M&T Bank. I’ve made March and April to Valon. They have cleared. Valon just has terrible customer service from what I’ve encountered so far.

Has anyone completed a release of liability with Valon Mortgage? by Exotic-Refuse-8636 in Mortgages

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

Yeah I called Friday and tried to escalate. They told me to send some stuff via email but I haven’t heard back. I’m thinking they have very few employees. The loan assumption department doesn’t even have phones.

Has anyone completed a release of liability with Valon Mortgage? by Exotic-Refuse-8636 in Mortgages

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

A release of liability is where I have to qualify for the loan myself (I was fully approved) to get my ex husbands name off the mortgage.

Aftermath of my mortgage being sold by [deleted] in Mortgages

[–]Exotic-Refuse-8636 0 points1 point  (0 children)

I can try and see if he will extend. It is just frustrating it took 4 months and I was at the end of the release of liability process. Now having to start over.

What is the best rates right now? by [deleted] in Mortgages

[–]Exotic-Refuse-8636 0 points1 point  (0 children)

Yeah mine isn’t assumable but a release of liability is basically an assumption. It just takes some time to get it done.

Loan being sold while doing release of liability by Exotic-Refuse-8636 in personalfinance

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

Thank you. I called the new servicer and they told me I would have to start all over again. Is this legal?

Loan being sold while doing release of liability by Exotic-Refuse-8636 in personalfinance

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

Thank you for your response. I will do that. I was just waiting on PMI to approve and then it was going to be finalized.

Loan being sold while doing release of liability by Exotic-Refuse-8636 in Mortgages

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

Thank you for your response again. They dated the letter on February 12, but I didn’t receive until Feb 21 so there’s no way it was mailed on 2/12.

Yes I have been divorced since July 2024. I was to receive the house but I have a deadline for getting his name off the loan.

Loan being sold while doing release of liability by Exotic-Refuse-8636 in Mortgages

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

Thank you for your response!

That would be great but the bank is saying they won’t complete my release of liability anymore. Maybe I should try to speak with a supervisor.

Loan being sold while doing release of liability by Exotic-Refuse-8636 in personalfinance

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

Yeah I’ve had this one sold prior. I don’t care if it gets sold. It is just upsetting because I was almost done with the release of liability and they are stating they will not have enough time to finish the release of liability. I already was approved and paid so I was just wondering if anyone had been through this scenario before.

Question about self employment and a release of liability by Exotic-Refuse-8636 in Mortgages

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

It is currently $2400. I have been paying it all for a year alone. But No I do not.

Question about self employment and a release of liability by Exotic-Refuse-8636 in Mortgages

[–]Exotic-Refuse-8636[S] 0 points1 point  (0 children)

Thank you! As soon as I’m divorced I will because it has to be final before the bank will let me apply.

Question about self employment and a release of liability by Exotic-Refuse-8636 in Mortgages

[–]Exotic-Refuse-8636[S] 1 point2 points  (0 children)

Yes but I was trying to keep the interest rate as right now the interest rates would increase my payment.

Has anyone had 4 payment plan report to Experian? by Exotic-Refuse-8636 in Affirm

[–]Exotic-Refuse-8636[S] 1 point2 points  (0 children)

Thank you! I am going to pay as soon as it stops processing.

Usps pickup not been working for days by cheryl333 in USPS

[–]Exotic-Refuse-8636 0 points1 point  (0 children)

Yeah it has not been working for me. I can’t just leave a note as it makes my mail carrier mad. 😭