Quote:
Originally Posted by biosurfer1
Dan- trust me, if I could do the taxes/insurance myself I would but they require it.
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Understood.
When I financed a property a few years ago, I was told verbally I could finance without escrow accounts. When I went in to sign closing docs, surprise, surprise, the terms included lender escrow.
I put the pen down, said I would not sign.
I was about to walk out. The mortgage agent made a few frantic phone calls, and new docs without escrow were faxed within ten minutes, so I signed.
I don't know if it was a screw-up, or if they intentionally tell the customer what they want to hear, knowing most people will sign whatever is put in front of them.
If I'm told up front that lender requires escrow accounts, I won't go any further with them. Plenty of lenders out there.
Sorry for the crap they put you through.