Loans, Debt & Credit - View Single Post - I'm back a $303.00 increase in my mortgage payment

schwefls · 05-23-2008, 05:33 PM

Ok, I think we might be on 2 different pages. I do not have a letter I have an escrow account disclosure statement which states my mortgage is short 2796.60. My question is and that they want to increase my payment by 303.00 monthly to cover that shortage effective 7/1/08.
1)What recourse do I have with this increased payment. I just cannot afford it.
2) Why doesn't Litton do annual or semi-annual analysis.
3) Is that something else I unknowingly dropped the ball on??
4) Wasn't I supposed to be notified that my loan was sold effective 6/1 to MGC Mortgage by someone?

As always, many thanx ***

05-23-2008, 05:33 PM	#9 (permalink)
schwefls New Member Guide & Litton Success Join Date: Jan 2008 Location: New Jersey Posts: 1,090 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: I'm back a $303.00 increase in my mortgage payment Ok, I think we might be on 2 different pages. I do not have a letter I have an escrow account disclosure statement which states my mortgage is short 2796.60. My question is and that they want to increase my payment by 303.00 monthly to cover that shortage effective 7/1/08. 1)What recourse do I have with this increased payment. I just cannot afford it. 2) Why doesn't Litton do annual or semi-annual analysis. 3) Is that something else I unknowingly dropped the ball on?? 4) Wasn't I supposed to be notified that my loan was sold effective 6/1 to MGC Mortgage by someone? As always, many thanx * __________________ Lynn Successful thanks to this forum Loan Safe Guide**