I have a loan that I closed on two years ago with an agreed upon PMI of 87/month. The loan has been sold three times in the past two years. (Dallas, Texas is where I reside and where the loan was written)
I am about to sell my home and called to get my ducks in a row. Low and behold my current mortage company has been taking out 870 in PMI, not the 87.07 and are telling me I have a shortage and owe them money.
The closing documents that I have in my possession clearly state 87.07, outlined in the FIrst Payment Letter and in the Initial Escrow Account Disclosure Statement.
Does the mortgage company have the right to ask me for the money when I would have never agreed, nor agreed or signed any docuemnts, for the 870/month in PMI?
What are my Legal rights on this? I am wanting to sell my home immediately and have an approval letter for the new home I have picked out.
I need some serious adivice.
I am about to sell my home and called to get my ducks in a row. Low and behold my current mortage company has been taking out 870 in PMI, not the 87.07 and are telling me I have a shortage and owe them money.
The closing documents that I have in my possession clearly state 87.07, outlined in the FIrst Payment Letter and in the Initial Escrow Account Disclosure Statement.
Does the mortgage company have the right to ask me for the money when I would have never agreed, nor agreed or signed any docuemnts, for the 870/month in PMI?
What are my Legal rights on this? I am wanting to sell my home immediately and have an approval letter for the new home I have picked out.
I need some serious adivice.
