re: Mortgage company didn’t pay property taxes from escrow and property placed on auction list

I got pissed off just reading that. A similar thing happened to me a few years ago over $20. I'd have been going killdozer mode if my house had actually been auctioned over that.

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Rocket might have bought the servicing to the mortgage.

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They probably are the servicer of origin. I don't believe Rocket balance sheets any loans and does the normal warehouse>ABS asset flow. Meaning JPM, BoA, CS, etc probably always owned it.

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Using Rocket Mortgage is problem number 1. This is why you had issues. Find a local company who actually cares to help you, not some national company where you talk to Habib for 2 hours.

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I mortgaged through USAA, never a problem. Then they sold their non-VA mortgages to Mr. Cooper. Then Mr. Cooper just sold it to Rocket Mortgage.

You can only choose who you initially open your mortgage with. You have no choice on who it changes hands between after that.

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Generally not up to the borrower. The lender is going to insist on escrow unless they agree to waive it. Usually doesn’t happen unless you are putting a lot of money down and only financing a small percentage of the price.

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Funny enough, my bank went along with it with 90% of the balance still outstanding. Took me like 5 minutes of effort a couple years ago.

I go a different route when a company is on phone defense on something so stupid and blantant.. I look up the top three or four executives and board members and skiptrace them. Then I start calling and relaying my issue.

Amazing how quick folks call back.

I had such an issue with Entergy where the problem tripping my circuit breakers was on their side of the box. And I had to pay the electrician to find this. I got the personal cell number of the Entergy New Orleans CEO and had two trucks repairing the problem on the pole that day,

Why did Baldwin country not just deposit the first check and left a balance on there?

I’m not here to defend big banks but rejecting the check is weird AF.

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Why did Baldwin country not just deposit the first check and left a balance on there?

I’m not here to defend big banks but rejecting the check is weird AF.

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They want the default along with inflated interest rates and penalties.

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Why did Baldwin country not just deposit the first check and left a balance on there? I’m not here to defend big banks but rejecting the check is weird AF.

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Mortgage companies issue one large check or electronic transfer and a list of the individual properties it is for. I guess either a credit is returned to the mortgage company or a physical check is sent for the properties that noted incorrect amounts.

I wrote a check and accidentally over paid on a property I own in Louisiana and the parish returned the check uncashed and I risked being late paying.

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First off, late by three months and auctioned? Seriously? I confirmed with a call to Baldwin County and apparently they don’t mess around.

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I don't know how Alabama works exactly, but they weren't going to auction your home. The lien to your debt for property taxes is offered for sale, and it generally takes 3-5 years of unpaid property taxes for your home to be actually "auctioned".

When someone buys the lien to your debt or whatever its called, its just a small financial penalty to the debtor. Something like 5-10%.

The reason to use a large mortgage company is because you can find better deals sometimes than a local mom and pop.

December rolls around and the parish property tax invoice shows up in my mailbox. I write them a check for the full amount and send it via snail mail because they charge some stupid high fee to pay online. Have always paid in full and not used the escrow route.