JP Morgan Chase needs to keep better track of things
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| creative commons photo from Wikipedia |
I wish he would appear at my house and explain a somewhat
smaller bookkeeping error his bank made with my mortgage. I was notified last
month that there was a shortage in my escrow account. The escrow account is
used to pay my homeowner’s insurance.
“What did I do?” I wondered.
It turns out I didn’t do anything wrong. They made an
error and did not withdraw enough money from my bank account to cover the
insurance. I’ve had the mortgage for many years and the insurance goes up maybe
$10 to $20 a year. Pretty simple. But now they say I owe them $500 and they
will take it out of my account in increments of $70 a month starting in July.
Darn.
Labels: history, home, island life, odd facts
posted by Christine Thresh at 5:05 PM
1 Comments:
Please watch that closely my dear, people have lost their homes because of "bank mistakes" that started like that - make sure that your payments are actually being made on time and in the correct amount. We all have to be more vigilant these days.
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