I am a single mother on a fixed income (Social Security Survivors Benefits - my husband was hit and killed by a drunk driver). I purchased my first home on 9/11/09. On the Good Faith Estimate as well as the Closing Statement I was told my payment would be between $822-840 for 30 years. I have a 5% fixed interest rate. I made the first payment of 822.00 On Nov 1, 2009. Shortly after November I received a new payment book from the mortgage company informing me that my payment increased from $822 to over $1170.00 per month. This $348.00 increase in payment is a major financial strain. When I contacted the realtor I was told that she didn't know anything about the situation. When I contacted the mortgage loan officer he never returned my call. When I contacted the Closing Attorney's office I was told that they weren't responsible. An employee at the county Tax Assessor's Office told me that this situations occurs all the time and that something needs to be done so that it doesn't happen again. There is a great possibility that as a result of this increase in payment I may lose my home. My son and I are paying the price for someone elses unscrupulous behavior, and it's not fair. Please, please help
Read Next Complaint >>
