flea,
are you in Georgia? What state is the property in?
Check out this information: [link]
What steps should I take if I think the lender is requiring too much money in my escrow account?
First, figure out the maximum amount RESPA allows to be required in your escrow account from the example. If you still believe your lender is requiring too much money, you should contact your lender for an explanation.
Section 6 of RESPA provides that borrowers may make a "qualified written request" to the lender concerning the servicing of their loan account. The request should not be included with the monthly mortgage payment. The lender must acknowledge the complaint within 20 business days and must resolve the complaint within 60 business days by correcting the account or giving a statement of the reasons for its position. If you do not get a satisfactory answer from the lender, you may wish to file a complaint with HUD. You should continue to make your mortgage payment during this time.
Flea My late father ran into a similar problem with a mortgage where they paid property taxes late, incurred a late fee then bumped up the property tax deduction because obviously they had underestimated property taxes. He finally resolved it by suing them in small claims court. I'm not a lawyer and would never advise anyone to sue, but the nice thing about small claims court is that you do not need a lawyer. Of course one thing to check is whether there is something in your mortgage is whether the jurisdiction is in another state. But worth considering. And once you file, you may never have to get to court.
Man, every single time I thought, "Well at least the day can't get more annoying", the day would do something to prove me wrong.
I blame DST
Except Le Nubian has a better answer.
lisah! Hil! ita !!
Sierpinskitaschen
Oh, that's great!
I taught for a few years in a science-for-kids project, among other subjects, the whole idea of fractal geometry. I could so totally have used this in my lesson, I think a time machine should be invented just for that (the project was terminated due to budget and bureaucracy difficulties, a couple of years ago).
OK, not taking any more Natter peeks until I go over one more exam.
Well, LeN's response might not get them a fix until May anyway--which would be the same as paying extra and letting the company refund it when they get it back!!
Maria, I'm really glad for the good news.
The link also says that you can sue them or do a complaint with State Attorney General. Given this is the bank's negligence, you may want to do a formal letter and cc the atty general.
I probably would file a complaint with the atty general.
No, wait, I have to post this, at least, right now:
Lee, you looked so lovely in juliana's pictures! One of my favorites was the one of the both of you (um, you and juliana, that is) together, next to each other, smiling.
