Mortgage payment audit advice
March 8, 2012 4:09 PM Subscribe
How can I find out whether or not my mortgage company is ripping me off? I thought about something like a "forensic audit" but I see via Google that that is the hot new scam, and I don't want to be taken for a ride (twice). I am not looking to modify my loan or get out of my mortgage, I just want to make sure that my payments (for which I pretty much always pay extra) are being applied correctly.
posted by Hal Mumkin to Work & Money (7 answers total) 2 users marked this as a favorite
My loan got sold nearly two years ago to what I consider an unscrupulous servicer (Seterus) and I think they are playing games with how and when they are applying my overpayments. Additionally, something weird has been up with my escrow account since the beginning of this year. Unfortunately, I am not financially-minded, and that coupled with the fact that they provide only the bare minimum of information on your loan, payments, and balance make it very difficult for me to calculate what I think should be happening with my payments (before Seterus I dealt with Chase, and while they were also a step down from the prior owner of my loan, they were a veritable powerhouse of data compared to these guys). Should I hire a CPA? A lawyer? Some special kind of lawyer? My house and I are located in Georgia, if that makes a difference. Any advice or recommendations much appreciated.