And here I thought I'd gotten things straightened out...

[realsorien]

And I go on-line to pay the mortgage, only to find it's gone UP BY $100+! What the hell... I called, and its an 'Escrow Shortage'. Uh huh. PLUS 16.6% apparently, according to them.

I feel sick. If this happens again, I'm likely gonna have to give up the house. I'm barely making the bills now.

This is what i get for trying to straighten out my finances.

Comments

[ruwhei.livejournal.com]

"Escrow shortages" and similar are not uncommon, and its a 'temporary' situation. Check into your escrow statement to find out.

I don't know about the 16% or what that's for.

Yah, but...

[sorien.livejournal.com]

I've had escrow shortages before. Usually they increase your payment by about $20-$50 or so. However, they NEVER seem to be temporary. The thing that disturbs me here is that they tack 16.5% on to cover 'future' problems... Which I've NEVER seen at ANY mortgage company. On top of that, my insurance rates actually went down.

Re: Yah, but...

[(Anonymous)]

AAAhh, yes, but what about taxes. Have they gone down as well?

You can thank the democrats for that! ;)

Chaos