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Democrats caused the issue with the lending restriction being lifted to allow anone to buy a house weather they could afford it or not, then republicans and democrats both want to look good by giving the people in over thier heads a chance in the election year. Then the republicans prob wrap it up with the credit check invasion. This is a true testiment to both sides comming together to screw over the citizens once again. Who said they dont get along? when it comes down to it they play on the same team to rape the people that put them there.
Thanks for bringing this up Dom I had no idea
http://www.digitaltransactions.net/newsstory.cfm?newsid=1824
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:
GamTrac, a nice place to discuss this housing stuff is http://www.newhouseflip.com/forum/index.php
On another note, this attaching of unrelated stuff to bills really has to stop. Nuts.
