BRENTWOOD, TN — Area homeowner Greg Paulson, 44, discovered last Tuesday that he has been making full mortgage payments on the same property to two separate lenders for six years, following a 2019 refinance that apparently failed to close out the original loan.
Paulson made the discovery while preparing his taxes, a process he describes as “a little more thorough than usual” after his accountant retired and he was forced to review his own bank statements for the first time since the Obama administration. Both accounts reflected six years of on-time payments. One lender had flagged his account as a “preferred customer.”
“I called the first bank and they said everything looked great,” Paulson told reporters gathered in his driveway. “I called the second bank and they also said everything looked great. Nobody thought to mention I was paying them both for the same house.”
“Technically the house is paid for twice, which my wife says is a blessing. I think she is wrong about that.”
Paulson’s financial advisor, Renee Calloway, 51, of Franklin, confirmed she had reviewed his portfolio annually during this period. “I focus on investments,” Calloway said. “The liabilities column is really more of a personal journey.”
Estimates suggest Paulson has overpaid approximately $84,000 since the refinance closed. Recovery of those funds is, according to both lenders’ legal teams, “an interesting question.”
At press time, Paulson had received a refinancing offer from a third lender and was seriously considering it.



