Consumption and Real Estate
What are advance charges on home mortage loans?
Question : What are advance charges on home mortage loans?
Aurora Loan Services bought my home mortage loan from Chase Manhattan a few years ago. About a year after the transfer these advance charges started showing up on my statements, which they can’t seem to clearly tell what they are for. At first they said they were property inspections fees. No one has ever been on my property to inspect it. How to I get this investigated and by whom. I even hired a lawyer to try to get some answers from them. They never clearly answered him directly about it but only said they were transfered from Chase to them. How to I get a record of this transfer? I’m about to pay off my home but I refuse to pay these extra fees that seem to be something that this loan company just tacked on.
property inspection services
Best answer:
Answer by sunshine_today
That sounds fishy. If they need to inspect your home, that is on their nickel, not yours. Sounds like a total junk fee.
See if they have any other similar complaints on www.ripoffreport.com
Aurora Loan Services did not buy your actual loan, they bought the servicing rights to the loan which include collection, payments of escrow and Chase still holds the loan in their portfolio. I suggest you get your attorney to get this information for you as it seems that he has not done his job. There should not be any new charges on a loan which has been transferred that were not there when you took out your initial loan with Chase. If you do not get any answers to your liking, talk to your local states attorney’s office. There is something going on that should not be. Feel free to contact me as I have worked in the mortgage business for 5 years.