From: "Clams Canino" 
Newsgroups: alt.org.natl-assn-mortgage-brokers
Subject: Mortgage Payoff Questions
Date: Sun, 04 Apr 2004 13:43:29 GMT

Greetings.

A few years ago we ran into credit problems and had to refinance the house
with one of those "interest only" loans (at poor rate)

We just sold the house, and to make a long story short, the principal
balance was about $57k and on the release statement there is an "interest"
charge tacked on for almost $5k!  Any idea what this is, and if it's legal?

(For the record we're dealing with EMC mortgage here - who bought the note
from the defunct Superior bank. It is my understanding from reading around,
that EMC does not always play by all the rules and is somewhat shady around
the edges.)

As a follow up question, I would like EMC to provide me with a detailed
account history from the time they picked up the note from Superior Bank
until the release (about a 2 year span). How can I best convince them to do
this, they (in general) seem uncooperative with thier customers. Is there
some RSA I can quote that compells them to give me (the customer) the
complete history?

Thanks,

Wayne