Lawyers: Can I fight a mortgage lender?

[silver912e]

I recently bought a house and paid 5% down, planning to pay the loan down when I sold my house. It required mortgage insurance since I had less than 20% down. I've since sold my other house and paid the mortgage down from $300,000 to $91,000. Immediately after paying it down I requested that the PMI be dropped. The farted around for a couple of months, pretending that they never got my request, and now want me to pay $110 for an inspection to be sure that my property hasn't dropped in value. Again, stalling while I pay another month of PMI.

I would like to call them on this BS, and get them to refund the now 3 months of PMI. Any ideas?

Thanks.

[Hugh R]

Sure spend $10,000 to fight $500.

[sc_rufctr]

Just pay the $110... Get the inspection done and move on.

Stupid I know but this is normal when buying a house. Everyone has their hand out
But most importantly, learn form the experience for your next purchase.

[id10t]

Just refinance and tell 'em to go away.

[RANDY P]

Originally Posted by silver912e

I recently bought a house and paid 5% down, planning to pay the loan down when I sold my house. It required mortgage insurance since I had less than 20% down. I've since sold my other house and paid the mortgage down from $300,000 to $91,000. Immediately after paying it down I requested that the PMI be dropped. The farted around for a couple of months, pretending that they never got my request, and now want me to pay $110 for an inspection to be sure that my property hasn't dropped in value. Again, stalling while I pay another month of PMI.

I would like to call them on this BS, and get them to refund the now 3 months of PMI. Any ideas?

Thanks.

You put the current balance of the loan below 80% of the original purchase price. THEY DO NOT NEED TO DO AN APPRAISAL-

that is only there if you are declaring the property went UP in value due to things you have done, such as added footage.

It's a law.

rjp

[Jferr006]

Seriously not worth the fight for $110.

[RANDY P]

Originally Posted by id10t

Just refinance and tell 'em to go away.

actually this may be the way to go- try for HARP.

[sc_rufctr]

Originally Posted by RANDY P

actually this may be the way to go- try for HARP.

What does it co$t to refinance?