I’m at my wit’s end here. My mortgage payments have gone through the roof and I don’t know why.
When I first bought my little house after my divorce, I was paying around $500 a month. That was manageable. Then a new company took over my mortgage and things started to change.
First, they bumped it up to $680, saying it was because of insurance and taxes. But that didn’t add up. My insurance only went up by about $40, and taxes didn’t change much either.
Now, out of the blue, they’ve jacked it up to $1500! They’re saying my escrow account is in the red. But here’s the kicker: my insurance and taxes haven’t changed.
I tried calling both the mortgage company and my insurance, but they’re just pointing fingers at each other. The mortgage folks claim the insurance added $3000 for wind damage, which the insurance company denies.
I’m totally lost here. Has anyone dealt with something like this before? Any advice on what I should do next?
dude, thats messed up! sounds like ur gettin screwed over big time. id be freakin out too. have u tried goin to the mortgage companys office in person? sometimes face 2 face works better than phone calls. maybe bring a friend for backup. good luck man, hope u get this sorted!
Wow, that’s a crazy jump! Have you considered getting a housing counselor involved? They might be able to make sense of this mess. Also, maybe check if there are any local tenant rights groups in your area? They often deal with mortgage issues too. What’s your next move?
That’s a concerning situation you’re in. From my experience, sudden spikes like this often indicate a miscommunication or error somewhere in the process. I’d recommend gathering all your documentation - mortgage statements, insurance policies, and tax records - and requesting a detailed breakdown of the increase from your mortgage company in writing. If they can’t provide a satisfactory explanation, consider filing a complaint with the Consumer Financial Protection Bureau. They have resources specifically for mortgage issues and can sometimes intervene on your behalf. Don’t let this slide; the sooner you address it, the better your chances of resolving it favorably.