Bank of America
Upcharging escrow accounts and not paying when due

Our mortgage was with Countrywide and purchased out by lender of America. I usually spend a bit more than arrives to be able to pay-off my mortgage early. Bank of America never delivers regular claims so when I asked them about this I had been informed by H that it's since I usually spend promptly; that I ought to see my claims and cost record online. After I recorded in online I came across that my ADDITIONAL I had been spending wasn't being utilized. I called again and was informed that INCREDIBLY they lifted my escrow account to complement EXACLTLY the additional I had been spending on my mortgage. I'm being billed a "scarcity cost" in case my homeowner insurance increases or my fees increase. I can not help but remember when my spouse needed to contact at least 10 occasions to possess subsequently really spend our homeowners insurance. So that they are getting me more income each month in case my annual funds increase and never actually spending them when it's due. I'd like a means out-of needing to cope with lender of America and my only choice appears to be to refinance for approximately $4000.00. How could it be as you are able to get caught having a questionable rip-off organization after I never closed a together!

Company: Bank of America
Country: USA
State: California
City: Simi Valley
Address: P.O. Box 5170
Phone: 18666536183
Site: bankofamerica.com

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