Home arrow Mortgage Forums arrow Announcements Feedback and Our Pub arrow

Property inspection chrage from active mortgage account?

Author Message
Icon Mini Profile ahhwei





Joined: 01 Mar 2011

Posts: 2

1.00 Dollars($)
Post Posted: Tue Mar 01, 2011 10:38 am    Post subject: Property inspection chrage from active mortgage account?
Like 0
Dislike 0

Here is the situtaion, my mortgage company claim it is within the law to do drive by property inspection if they believe the property value drop. Is it legal for a mortgage company to do a drive by inspection and charge you for it? It sound bs to me, since they can keep doing this and charge for you without any good reason. Thanks

-Will
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Tue Mar 01, 2011 8:01 pm    Post subject:
Like 0
Dislike 0

Hi ahhwei,

I haven't heard of such a situation. I will suggest you to contact a property appraiser and take his help in this matter.

Thanks
Icon Mini Profile ahhwei





Joined: 01 Mar 2011

Posts: 2

1.00 Dollars($)
Post Posted: Tue Mar 01, 2011 10:52 pm    Post subject:
Like 0
Dislike 0

Hi James, that is the situation I am in. The charge is not too much, only $10.50, but it sound bizarre to me. Why would they do a drive by inspection if the mortgage account is active; I don't see why there need to be a drive by inspection. I agree if I am late or anything. I will probably call around or google around and see if I can find anything. In case you wondering, the mortgage company is Saxon, it is the worst out there. If you ever have them.. run away.

thanks
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.053 seconds.