Taylor Bean Whitaker Update: Deadline From Bankruptcy Court

Added September 18, 2009 by Sarah Schaale

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Summary: Taylor Bean Whitaker Update: The latest news finds the failed mortgage company at a hearing at bankruptcy court. According to a representative from the Georgia Department of Banking and Finance, Taylor Bean Whitaker has been given a deadline of October 31 to address who will service which accounts.

Taylor Bean Whitaker Update: Deadline From Bankruptcy Court

We spoke today with Sandra Sheley, director of mortgage supervision for the Georgia Department of Banking and Finance, for an update on Taylor Bean & Whitaker. Sheley said that on Sept. 11, there was a hearing in the bankruptcy court to address who would service what loans (many customers have been getting notices from two new, different loan services) as well as who will handle the deposit accounts holding escrow funds. The judge ordered, and the both sides agreed, that the service of those accounts will be resolved by Oct. 31.

We had a question from a reader who works at a title company wondering what to do with the recorded deeds of trust and final title policies. Sheley said it will be a waiting game on that end, as well. “Hopefully all those issues will be solved by Oct. 31,” she said. “The can contact Taylor Bean in the meantime, but I think it’s just as easy for them to wait.”

Read more about the Taylor Bean Whitaker Situation at ThinkGlink.com and join in the conversation in the comments section. We'll do our best to help find the answer to your question, or you might find another person in the comments section who can help you out.

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Taylor Bean & Whitaker Update September 10, 2009
Taylor Bean & Whitaker Mortgage Company Update From Sandra Sheley, Georgia Department of Banking and Finance
Taylor Bean and Whitaker Mortgage Company Hotline Information for Borrowers

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