My mortgage was sold to SLS about 2 1/2 years ago. Nothing but trouble. My rate went up $83 as if December and now it will go up again as of September. My taxes and home owners insurance rates don't even change then. They say I have another escrow shortage yet they keep a month's payment as a cushion. The letter I received yesterday said "cushion selected by serviced". No exact number ? It is different than my monthly payment. Theybatevrobvets.
The math doesn't add up either. There are three amounts of possible monthly payments to cover this so called escrow shortage.
I went to my bank, Citizens, this morning and am quickly working on getting out of SLS AND BACK TO A REPUTIBLE COMPANY. SOME AGENCY NEEDS TO SHUT DOWN SLS.
The last time my payment went up I called with a friend who is a mortgage broker on a conference line and he threatened to put my lawyer on them because the customer service rep could not give us any answers as to why I was getting an increase.
Product or Service Mentioned: Specialized Loan Servicing Mortgage.
Reason of review: Problems with payment.