My credit union 'under-charged' me for my escrow payments. We just got a 10% increase in property taxes. We were under charged $50/month, so our payments will increase by $100/month. $50 to make up for what we owe and $50 extra for the projected increase in property tax.
By the way, we pay $4,500 in property taxes each year on a property valued at $65,000 (for tax purposes). People tell me that is a lot. Is it?
Oh, that escrow...
February 5th, 2008 at 02:47 pm
February 5th, 2008 at 03:37 pm 1202225862
February 5th, 2008 at 04:12 pm 1202227936
February 5th, 2008 at 06:28 pm 1202236099
We were raised over $160 a month & thought that weird as well.
Come to find out our mortgage company (American Mortgage) is claiming they WIRED $1990 to the taxes, yet the tax commission states $1200 was sent via CHECK.
I demanded a complete investigation from the mortgage company & a fax of the paperwork for 2007 taxes from the tax commission.
In the meantime, I may have to pay this months payment that includes the additional $160+ fee until this gets settled.
Anyone have any other advice for the both of us?
Hope you get this settled quick, I know it's very frustating, I am trying to maintain patience myself right now.
(((HUGS)))
- Denise