WTF?!

boxermama24

I just got my mortgage statement and it went up $150 for December's payment.  I understand property taxes and homeowner's insurance can increase every year and I fully expect that, but don't they divide that up over the course of 12 payments?  If this is divided up, that would mean my property taxes increased $1,800 in one year!  Not. Possible. WTF.  Of course, we called today and we have to call back Monday.  I won't mention the name of the bank because I HATE THEM with a passion and I'm so pissed that our loan sold to them and we now have to pay through them.  It irritates me through every fiber of my being.

Thanks for letting me vent. ::sigh:: 

Perhaps this is just a one time payment increase and they don't divide it up over 12 payments?

Cole0702

That really sucks! I work for a bank...hopefully its not my bank that you hate! Hopefully Monday you will find out whats going on and maybe they made a mistake?!

horizon1322

I don't remember where you are in the Metro Atlanta area, but my parents' property taxes went up over $3,000 this year. Granted, they are in Fulton County within city limits and have a huge house, but it's still ridiculous. I hope you get it figured out!!!

robinsokj

We had to pay extra once because our escrow account went low.  Perhaps thats the problem?

boxermama24

Our increase in homeowner's insurance and taxes went from around $250 a month to $311 a month.  That is fine.  I just don't know why they're saying they're going to make us pay $423 a month now.

Our taxes did NOT go up 50% in one year, which is what this monthly payment (times 12) equates to.