Pre-Modification Agreement "Nightmare"

Submitted by Barb from PA - 11/19/2011 - 2:15pm

Signed into a pre-mod. agreement which cured all arrearages in addition to a escrow deficiency of $5016.73. In the middle of pre-mod. our mtg. was sold. We receive final mod docs. following all required payments. Our New UPB is exactly the same. We are informed that following our 2010-2011 tax payment, the new servicer will terminate our escrow acct; which we're OK with.

The new servicer paid our 2010-2011 taxes, then above our P&I they also FORCED repayment of the 2010-2011 taxes over the next 11 mths.

If I had a (0.00) escrow arrearage with original lender, and $5016.73 was capitalized to our new balance payable over the term of our new mtg.; should that capitalized amt. not have paid my taxes?

It seems to me we're paying our taxes twice. New lender forced immed. payment and also paying monthly for 30 years.

Going CRAZY in PA!

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Comments

Submitted by shakia Andrews - 01/16/2012 - 1:30am

Please visit our website and call me at 866-607-0318 ext. 2032. Or E-mail me ASAP. We can definately stop your sale and lower your payments on a low fee. We have a group of mortgage underwriters and mitigators that will assist you and contact your lender, by represention, to get you a lower rate, and restructure your loan.
www.mymembership.org

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