Bank of America Complaint - Mortgage Escrow problems
DELTONA, FLORIDA -- I have a loan with Bank of America that did not require an escrow for home owners Insurance but over 1.5 yrs ago they started escrowing me for insurance at a rate of over $2K a yr my own insurance policy is about a third that. Every couple months I talk to a loan officer at one of the bank locations near me they fax couples of my Insurance statement. Much of the time I received a fax sent report with a nice bank of America logo on the top for my effort. Was told at one time a payment was paid to my own insurance policy only to find out my insurance policy was about to be canceled because of non payment and needed me to over night a payment so my policy was not canceled. If I complain enough they do send me a check for a few hundred but still keep charging me. What are my rights and what can I do? How do I resolve this problem? How many others our have this same problem?
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