POSTED: Thursday, March 31, 2011 - 6:38pm
UPDATED: Friday, April 15, 2011 - 8:33am
EL PASO – Earlier this week, we told you about a woman who says she's made mortgage payments directly to an escrow company without missing a single one, only to find out the bank didn't get all of those payments. Tonight we spoke with the owner of that escrow company to figure out what went wrong.
On Monday, Yadira Castro said she was facing foreclosure, but didn't understand how, since she claimed she had been making her mortgage payments through First Knight Escrow.
The owner of First Knight, Laura Knight, told us it's all a misunderstanding, and that Castro didn't understand the terms of her contract with the escrow company, and that there was a discrepancy between the banks that owned the mortgage.
“Basically everything started well, until she made the first payment on time. The second payment, she sent it directly to Greentree...there was a discrepancy because there were two banks involved,” said Laura Knight.
Knight said the reason for the foreclosure notice was that Castro had made her payments directly to the bank, instead of to the escrow company.
“She continuously started to send the payments directly to Greentree and it threw everything off,” stated Knight.
However, Castro said that's not true. She showed us her receipts; all the receipts we saw, show that Castro had been making payments directly to the escrow company, and not the bank.
Knight said that things have been worked out now, and that the foreclosure has been halted.
“She is out of foreclosure...and her payment is not due until April the first,” added Knight.
We will continue to follow this story and provide updates when available.