I bought my house in 2006 for 180k got a 5.875% rate of interest with fees and insurance incorporated with my regular mortgage repayments. I've been promptly each month since I have bought my house. I've not requested to get a refinance or perhaps a change. Our current regular record from Citimortgage includes a fresh insurance "windstorm insurance." I called Citi mortgage Mortgage maintenance and was transferred to Citi mortgage Insurance since the division I named couldnt help me. The woman I talked with was really rude requiring that is necessary. I requested after I was educated, she promises a notice was shipped in my experience in- May showing this new necessity - an entire rest. I inquired if she might deliver me where it says in my own mortgage files where this really is needed, she'd not. I inquired if she might forward regulations or where it says it's necessary she'd not. I requested to talk to a manger, there is no supervisor. Evidently this insurance hasbeen elective - like quake insurance - for someday and today all the unexpected in November Citi mortgage is needing my mortgage to possess it. The extra "windstorm insurance" is $4000 annually, this raises my present cost by 150%. I named my present insurance provider and questioned when they often create "windstorm risk plans" in Fontana, California, they said no. I named my buddy who's a realtor he also claims he seldom creates these plans but may create me one easily must have it for my plan for around under $1000 annually. I named my mortgage agent, who's still running a business, and questioned if he offers "windstorm insurance" together with his mortgages, he explained no. After I described my scenario to him, he chuckled in shock and questioned me easily was severe. I'm really severe, this really is no scam. I talked with more than 30 property owners nowadays and never 1 of these gives this kind of insurance, or could it be required by their mortgage brokers.
I believe I'm being Cheated below. Is anyone available getting the same event? I would like to understand, my lawyer is going for a consider it tomorrow.
-Amazed
Fontana, CA.
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