The house was refinanced several years ago. The note and mortgage called for a P&I payments of $1500. Several months later the mortgage was sold to another company. They sent a letter saying the mortgage payment was wrong and it was actually $1600 per month. This was a fixed rate note and does not appear to be related to a tax or insurance increase.
This question was raised at a court sponsored mediation. The bank admitted that the payments being made were different from what was written in the note.
Sounds like a truth in lending, reg z compliance issue. Any thoughts?
TIA
This question was raised at a court sponsored mediation. The bank admitted that the payments being made were different from what was written in the note.
Sounds like a truth in lending, reg z compliance issue. Any thoughts?
TIA