Can a mortgage company pay for all court fee’s and my attorny for their mistake?
i got laid off in marchand was going to be behind on payments. i had an annuity that i was going to pull but i had to wait 90 days so i called my mortgage right away and told them the situation and that i was going to pay full balance on what i owe when i recieve my anniuty check. They agree to waive all late fees if paid in full.however things didnt go to accordingly what they agree to.when i paid in full few months after they are now saying i was a month behind when i’m not and is up to date. I think they paid most of the money i owed to them to all fees when they agrees to waive.i even specifically called them and they gave me the price on what i owe and now coming back to say i owe more.this is a bit complicated to explain but im trying to make this short…I now want to file lawsuit on them for trying to get more money out of me and charging me for new late charges on something i akready paid for..my question is if i file a lawsuit do they the mortgage company pay for this expense because i can not afford a lawyer and court fees?
yep i have all reciepts of showing the pay off including the bank check copy. Yes all the calls were recorded but I’m not sure if the mortgage will give me that information seeing how it will go against them.i also have one of the workers name and exstension number that told me it will get fixed but didn’t…Thanks for all your help.
Do you have any of this in writing??? If not, you have no case.
Is buying a house the only way for me to save on taxes?
I’m 22, single with no kids. I have worked at the same company for the past five years and have worked my way up to a management position. I currently save approximately $1000 per month even after I deduct 15% for my 401(k). The balance on my 401(k) is almost $20,000 and I have about $15,000 in my saving account. Everyone says that I should buy a house to save on taxes, but is there any other way? I’m really not excited about the idea of being tied to the responsibility of a mortgage, plus all the added expenses. I’m not even sure where I want to put down my roots. Still, it hurts to see a third of my check go the government and the $1,100 rent a month down the drain for my house. I know I’m more or less on the right track, I just feel pressured right now to make the right decision before my lease expires. If I don’t buy, where should I invest my money? I’m really stressed out about this.
Do not buy a house “to save on taxes”. Buy a house because the implied value of ownership is better than renting (it is cheaper to own vs. Rent). The tax benefit may help make ownership more competitive, but it doesn’t make it a no-brainer.
As far as investments goes, it depends on what type of monetary requirements and risk tolerance you have. Is there any reason you would need to dip into your savings account? Can you accept volatility in returns (losses – realized or unrealized) in the short, perhaps even intermediate term. If you can take the risk, I would invest in a diversified portfolio of stocks. If not, there is nothing wrong with locking up a decent return in a 6 month or 1 year CD from a bank.
Question about school taxes?
I just recently got a check from my mortgage company. It highlighted school taxes, and said there was a min balance of x $. It also listed a higher amount and the check was the difference.
What I don’t understand is if the money is for US to pay for the school taxes, or just a overpayment. I can’t get a hold of the bank for a few days so decided to ask here. :s
What they are saying is that they’ve been having you put more into escrow every payment than ended up being needed, so they’re sending you the extra. They’ll still pay your taxes from the escrow account.
What do I do when my mortgage company does not allocate my payments correctly?
For the past 11 months I have been sending in my mortgage payment through online bill pay and in the memo of the Check I write “apply extra funds to escrow”- when I get my statement, the extra funds are applied to a balance that I am currently disbuting- My loan was moditifide and there was some fees that was left out the modification. Everytime I call the mortgage company they tell me that I don’t have to pay that balance but if I was to pay off the house that amount will have to be taken care of. I informed them that they are appling my extra funds to that balance and they always reverse out the payment and allocate the extra funds to escrow and apologize- for the past 6 months I’ve notice that they are not allocating the funds to escrow again. They told me as long as I state where I want the extra money to go in the memo, I should be fine. How can I stop them from doing what they want with my money- do I have options?
Because NO ONE reads the memo line. Do it by mail and mark the payment coupon correctly.
Escrow/Mortgage Law- Taylor Bean now bankrupt?
Taylor, Bean, and Whitaker is now bankrupt. They are also under investigation for writing bad checks.
I purchased my home October 10, 2008. As is required by law, I purchased homeowners insurance in order to close on the home. The policy was paid in full. Taylor Bean sent a letter in 01/09 claiming they did not have my ins. info.; I faxed and mailed the policy. Upon receiving my escrow statement in 06/09, Taylor Bean projected a shortage in my escrow based on not having homeowners insurance. I again sent the necessary paperwork & was advised I would need to wait for Taylor Bean to receive a refund for the over $5K check they wrote for the force plate insurance. At the 8 week mark, I was told Bank of America took over my mortgage. Bank of America is still reflecting an inaccurate escrow balance; I called on 09/11/09 & spoke with someone in the escrow department who opened a research ticket. She made it sound as though I may never see the over $5K I paid into my escrow account because the FDIC has frozen all escrow accounts because Taylor Bean is currently being investigated. I have sent another certified letter with a copy of my communications with Taylor Bean, the cashed check for the homeowners insurance, and copy of the dec page. My property tax is due in November, and I cannot afford for my monthly payments to increase, especially due to something that is not my mistake. I want the escrow money back in my account that is rightfully mine. I need helping dealing with Bank of America to make sure they do what is right.
If anyone knows or can recommend an attorney well versed in escrow laws, preferably in the state of FL, but the state may not matter b.c. Taylor Bean did business all over the country.
I did send a certified letter to BofA on 09/14/09 advising of my conversation with them, and I don’t believe that I can make a partial payment or stop paying them- certified letter or no, b.c. they can still report me as late to the credit bureaus.
Since BofA took over your mortgage they became totally responsible for any money that is due you from TBW. Sue BofA in your local small claims court if they can’t settle the account by the end of the month. Most small claims limits is $5000.
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