Posted on: 02nd Mar, 2010 03:15 pm
I received my annual disclosure statement from the USDA for 2010. While comparing it to last years it is showing a charge for an 'amortized fee' of 38.72 which has been charged for the last 12 months but it's showing they will be charging me this for another 12 months. When I called to ask about it I was told it was to pay a part of my escrow shortage, which they said their computer showed was originally $2475.00 as of January 2009. My escrow papers show my shortage was only $1200.00 which I was being charged $100.00 per month on top of my monthly payments to make up for it. When I brought this up I was told that customer service doesn't handle these kind of situations that I had to write to the mortgage company and ask them to look into it and was also told there was no number to call that I HAD to write. Isn't there a number I can call to actually talk to someone to work this out? The number I called was the customer service number on the back of my monthly statement. Shouldn't they be the ones I call to get these answers?
typically, any escrow shortage would be the extra per month to make up for the old, and the extra per month to add to the new.
So not only was your escrow account short, they have to now collect an additional charge to catch you up for the next year.
Also, it is required by most banks to have 2 months of escrows in reserves. So this would also be added to what you owe.
did i make any sense?
So not only was your escrow account short, they have to now collect an additional charge to catch you up for the next year.
Also, it is required by most banks to have 2 months of escrows in reserves. So this would also be added to what you owe.
did i make any sense?