Not sure of proper flair for this one.
I received an escrow review statement this month stating that I would have a $2000+ shortage in my escrow account next year and that on top of that my escrow account would be $120 more per month even after fully paying the shortage. Looking closer it estimated my property taxes at $6500 for the year. The problem with this is all taxes are paid for 2017 and came out to just over $4400.
After speaking with the county and finding out taxes will not go up I called Wells Fargo to get justification on the $2000+ increase. Their response; “we ran an analysis on the taxes and the $6500 is what was determined to be next years taxes.”
After a 25minute conversation giving her word for word and dollar for dollar figured from physical paperwork from the county she called her tax department for a second time. This time they informed her that the review statement was not supposed to come out yet as they didn’t have the updated information readily available as the county had not set in stone it’s taxes on paper for 18 yet.
Based on this. Has anyone else run into this problem with Wells Fargo? And if you haven’t, I would strongly suggest taking a look at your papers, as if I did nothing they would be holding onto roughly $4500 for me that would be unusable for me but a gain for them even if temporarily.
Submitted November 27, 2017 at 10:40AM by tyler_fenner http://ift.tt/2hWk8CK
