Midland would not correct my annual account statement to reflect the correct property tax withholding for 2004. They reported paying $1 more. Property tax increased $1.00 from 2003 to 2004. I have proof of that and sent supporting documents.
The statement also indicated a shortage in escrow due to $48 in late fees. My check to cover the late fees was placed into a Hold Account by Midland and added into my mortgage, increasing my payment by $10.40 and some cents. No other changes (insurance, etc.) occurred and my shortage was totaled as $112. That is not correct...
The late fees were the direct result of checks being held by Midland from one month to the next to make up insufficient payments. This began when my insurance carrier changed. My coverage was higher; however, I paid the full amount in a lump sum so as not to change my payment schedule, and Midland used the lump sum check of $1,020.00 to prorate and advance payments (the check was not intended for that). By the time I straightened that out, late fees were assessed.
Midland continues to send notices that I need credit help. That is not the case.
I have supporting documentation from the bank and the County Tax Assessor's Office.
0 comments