Quote Originally Posted by EAVdog View Post
Watch out for who buys your mortgage. Green Tree and Wells Fargo bought the mortgage for both our properties. Within a couple of months they both upped my mortgage and said they had to because they hadn't estimated enough withholdings for the escrow account. I never had that problem before. Seems like bullshit to me, since they both increased my monthly payment by more than 10%. I'm going to be hawking my tax bill this year and on their ass for a escrow reimbursement at the end of the year.

Green Tree also takes over 10 days to process payment. If they don't process it before the late period they try to charge me a late fee. Thank goodness I use Bank of America Billpay so I can track the payments. Everything about them has been shady as hell. I hope you don't have to deal with them.

(rant off)
I refinanced last year and Wells Fargo bought the loan immediately. They started withholding double of what I was paying in escrow before. They were using estimated property tax, as opposed to what I was actually paying every year. The guy acted like it was no big deal because I would be refunded after taxes and insurance was paid. He made it seem as if it would be a disaster if I came up short. I was like "You just loaned me $200,000, and you are worried if my escrow account comes up short by a few bucks? He wouldn't budge, and I felt pretty powerless. I ended up getting back $2000 from escrow overpayments.

I changed insurance providers recently to a LOWER rate. I to call WF because they haven't paid the insurance company. The lady said that I should be getting a check back for my former policy holder and that I need to send it in to them since they "took cafe of" the new premium. Ummm, it's my damn money. I took care of it. They also had just went up another $15 a month on my escrow.

It's frustrating to say the least, so avoid WF, if possible. When I called in, I had to enter my account # 3 times and my SS twice, plus a half dozen other press options before I got a real person.