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September 25, 2007

American Home Mortgage speaks!

If you've been paying close attention (and at least two of you have, because I've heard from you), then you know that American Home Mortgage Investment Corp. has had a little problem with some checks it wrote for homeowners' property taxes. Specifically, they bounced.

The company didn't say where, but at least several dozen Maryland homeowners were affected. Last week, American Home Mortgage sent certified checks to Baltimore City, Baltimore County and Frederick County to take care of the problem. But neither the jurisdictions nor The Sun could get the company  which filed for bankruptcy in August  to explain what had happened.

Today, the lender released a statement that blamed it on bank error. (Scroll to the bottom of the press release for the information.)

Here's a quote: "In early August, due to confusion on the part of an outside financial institution regarding accounts affected by the American Home bankruptcy, approximately 500 property tax checks were mistakenly dishonored. This misunderstanding has been corrected."

Posted by Jamie Smith Hopkins at 6:25 PM | | Comments (0)
        

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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