I bought a newly built home in late 2006 and asked that all taxes and insurance be included in the loan. Recently I was told that the estimate they did was only on the land and not the land and house leaving a tax balance due, therefore they gave me the option of paying the difference in one payment or hiking my mortgage up an additional $373 a month for a year! :whoa:
I doubt that I can do anything other than just pay the increased monthly amount right?
I can pay it, but I’m not happy about it at all! I checked and the county records reflect the correct figures so someone dropped the ball. This is the type of thing that does not sit well with me. As the buyer I am expecting the “experts” to know what they are doing. So in the end I’m the one that has to be responsible for the oversite and suck it up and pay?
Speaking of foreclosure, I heard a report where this lady was going into forclosure and her only hope is that the mortgage company could not produce the note. It has been discovered that there are many notes that have been lost or destroyed.
It’s a long shot, but with the customer service level these days, I would not be surprised if they did not have all of the docs in order and the lady kept her house. :woohoo: