EMC Mortgage - Boosted escrow tax amount by $200 too much

Boosted escrow tax amount by $200 too much

Apr 3, 2008

EMC Mortgage complaint

Last year after an apparent shortfall in the tax and ins escrow EMC jacked up the monthly payment by $240 per month. Funny, we had just refinanced to get rid of EMC because we had a ARM. We worked for months to get new mortgage which reduced our Monthly by $200 a month. EMC bought the mortgage again and jacked the amount back up to where the ARM would have been if we hadn't worked so hard to get out of it. Funny huh? Apparently they can wait a couple of years to reassess the escrow amount. Not a level playing field folks!! Then the sneaky fees started and still suprise us every month. Look at you bills, stay alert. They are very crafty and are getting away with murder!! I think they target some mortgages for forclosures and work to make it happen. think about it...

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