My mortgage company sent out 2 checks totaling $1700.00 for property taxes. (One to the a county I live in; one to another county where I don't even live).
I am tax exempt for this year.
My escrow account has a negative amount because of this double-disbursement.
I called and got basically yelled at, I asked for a supervisor (they said he could not be reached, I'd have to send something in writing to "speak" with him), My escrow account is negative $800+ dollars (and it's their fault!) and they want to treat me with such horrible service...
I'm afraid my monthly payment will be going up because I have a negative amount in escrow. The mortgage company shouldn't have sent ANY check at all!
They told me a week ago that it would be taken care of by last Friday, now they're telling me it'll be after the first of the year.
Can anyone give me some advice???
2007-12-11 09:26:28 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
I am tax exempt this year because the previous owners were tax exempt. It will carry over until the next tax rollover. --I do not owe taxes for this year.
2007-12-11 09:27:44 · update #1
I don't understand your "tax exempt" references, but if you have a problem with your mortgage servicer's handling of your impound account, you certainly SHOULD make your case known in writing via certified mail. Phone calls are useless and leave you with no paper trail that you ever communicated with the loan servicer.
2007-12-11 09:59:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If your mortgage servicer sent out an errant check, I believe the check will be returned to them (since the recipient would have no way to apply the funds) at which point they could void the check and credit those funds back to your escrow account.
It is a little frightening that they could do that. I would think that the payees on your escrow account should have been set up at closing and that this should not have been possible.
Send them that certified mail, but I would keep trying to get a supervisor on the phone, too. The escrowed funds are yours and you are entitled to get answers about how they are handling your funds.
2007-12-12 06:23:53 · answer #2 · answered by Dale H 4 · 0⤊ 0⤋
regrettably, by way of rash of foreclosure, it is going to be lots harder to get financed considering that lenders are lots greater gun-shy approximately severe-risk loans perfect now. look on the links under - you will ought to do a splash diagnosis, yet you ought to have the capacity to locate a lender. this is purely going to take time. some issues that could help get it completed quicker - are you able to get a cosigner? Do you have any funds for a down fee? are you able to locate a roommate (no longer the simplest with 3 youngsters, i'm confident, yet nonetheless a danger)? are you able to liquidate any of your, or you x's, materials? have you ever gotten types from the credit bureau to describe the black marks on your document? The lattest won't exchange your credit, yet lenders will see which you're making an attempt to circulate in a favorable path and which you do care approximately recuperating your financial concern. I want you the main suitable! Sorry on the subject of the situation with your X ... no bueno.
2016-11-02 22:38:32 · answer #3 · answered by hinajosa 4 · 0⤊ 0⤋
That is a good answer above.
I would add that if you still do not get the problem resolved, use your documentation and contact your state consumer protection agency (or whichever bureau deals with mortgage companies in your state).
2007-12-11 12:10:32 · answer #4 · answered by taxreff 7 · 0⤊ 0⤋