Cyndy
Lewiston,#2Consumer Comment
Tue, July 03, 2012
We are going through the same thig with our escrow. My payment went from 1122.95 to 1500.00 becasue they say they estimated our taxes & insurance to go higher when infact my homeowners went down, then they added on Flood insurance & I am no where near water. I even have maps to proove that. I also found out that if I am 100 ft above elavation i do not need the insurance according to the new FEMA maps I am 243 ft above elavation. They are horrible! I have never seen anything like it.
Robin
Lewiston,#3Consumer Suggestion
Thu, June 08, 2006
I am doing a follow up on the report I made about America's Servicing Company. Like I previously stated, ASC reported me late to the credit bureau, and said that I was late on my mortgage everyday since they acquired the loan back in May 2005, when in fact they hadn't bought my loan until September 2005. They reported me 30/60 days late. When in fact I wasn't. I had my bank print out all my bank statements from May 2005 to present, which in fact showed that I wasn't late at all! I submitted these to the New Finance Company I am going through, and got everything resolved. I am closing my loan with the new company here in about an hour. What a relief to get out from under ASC. These people shouldn't even be in Business! I am also sending copies of my bank statements to the credit bureaus so that I can get this cleared up on my credit as well! If you are interested in refinancing I strongly suggest contacting Rick Espinoza of Elending Net. He is truly amazing and gets the job done, and keeps you updated on the progress step by step. I know all the problems I had with ASC and I got refinanced and I know Rick can do it for you also!! Good Luck to all of you who are with ASC. I am considering a lawsuit on them b/c they ruined my credit, and I have all the proof that the payments were made. I will keep all of you updated! Give Rick a call, he can help you get out of the nightmare with ASC. Have a wonderful DAY!
Robert
Rochester,#4Consumer Comment
Fri, June 02, 2006
Brittney, never accept word from the company about how much you are required to have in escrow. Do some research on escrow laws for Georgia. Between those and federal laws, there is a limit on how much an escrow company can collect in advance. If all else fails, contact a real estate lawyer and ask for a consultation. They should be able to tell you how much they can collect. $4000 sounds like a ton of money. I would think that it shouldnt be more than 1 or 2 months of taxes in your account. Of course, they then collect 1/12 of the total amount needed each year. The are also required by law to give you a yearly accounting of your escrow account, including how much they paid in taxes and homeowners insurance. One last thing... MAKE SURE THEY ARE ACTUALLY PAYING THE BILLS. If they dont pay your homeowners insurance, it gets cancelled they they hit you with an exhorbinant insurance policy.
Robin
Lewiston,#5Consumer Suggestion
Fri, June 02, 2006
For those of you out there who have ASC here is some info you may want to know. I currently have my mortgage through ASC...only after it was sold from Option One back in October 05 to ASC. I am currently in the process of refinancing with a different company. During the refi process my potential lender stated to me that all of my payments to ASC have been late since May of 05. This is kinda funny since they did not acquire my loan until October 05. My credit report and my bank statements clearly show the time I was with Option One (may 05 - oct 05). This has created quite some confusion and delayed the refi process. It is clear to me and the potential lender that ASC does not want this loan refinaced. I would suggest anyone refinacing from ASC to not let them know that refinancing is your intention. ASC will do anything they can to delay or prevent the process. I now have to provide my bank statements back a year to the potential lender to verify what I'm saying is true. So hopefully come Tuesday or Wednesday we will be out from under ASC. My potential lender ordered a (VOM) Verification of Mortgage from ASC and this was about 2 weeks ago and they said they couldn't get the VOM to my potential lender until June 1st...How amazing, they did this b/c they wanted another payment. Well my potential lender called them back to see when it would be sent and they proceed to my potential lender that there was no record of them ordering one....Well you get the just of all this. It is harder than hell to get out from under these guys. I've been trying for about a month now, and hopefully when I get all my bank statements sent this weekend, I will be closing on Tuesday..... I will keep you all informed on my situation!! I can't believe that this company keeps getting away with doing this stuff to people!! Good Luck all....and don't tell ASC that you are refinacing... They will make you look bad in everyway possible to keep you from refinancing.