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Registered
Join Date: Oct 2001
Location: Charlottesville,VA
Posts: 322
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Lawyers: Can I fight a mortgage lender?
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.
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