 henryhoward57
Joined: 26 Jun 2010
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oswingrant
Joined: 13 Mar 2010
Posts: 57
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Posted: Sun Jun 27, 2010 12:39 pm Post subject: Finding out your total due
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The best way to do is to call your lender to find out what you really owe. Once you do that, you can get a break down of the total due on your account.
But to figure it out your self.
You would need to know if you are on a fixed or adjustable rate mortgage, meaning are your payments fixed or not and at what amount.
Find out if you owe on negative escrow, meaning do you own on back property taxes, and/or property insurance. If you owe or owed on escrow your mortgage company may have paid them and increased your house payments to get them back.
Find out of you have been in foreclosure, which will typically occur after you are 3 month past due with your mortgage. If you entered foreclosure you will be assessed attorney fees and cost.
You will also get last charges, plus any unpaid balances from the past such as unpaid attorney fees and costs from going into foreclosure in the past, property inspection fees for being late, drive by inspection fees, broker price opinion fee for property assessments from attempts at getting a loan modification, short sale or a deed in lieu of foreclose from the past.
There are a lot of things that may or may not be in your total due when your are trying to pay off all that you owe with your mortgage company. Just ask what you own and question the charges if you are not satisfied because honestly there can be many charges associated with your past due account. Each case can be different.
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