Legal Question in Banking Law in California
I recently attempted to do a refi on my mortgage. The refi company informed me that the loan has no FHA mortgage insurance. This is confirmed by FHA. The current holder of the loan, Bank of America, lists "FHA MIP" on all my statements, and has collected the insurance premium every month. I told them I will no longer pay for nonexistent insurance, but they insist I should still pay. I also want to look into recovering previous insurance payments.
Asked on 2/10/11, 4:35 pm
1 Answer from Attorneys
Have you confirmed that it has no mortgage insurance on it at all? Just because the statement's coding is wrong or misleading doesn't end the inquiry as to whether the charges are proper.
Answered on 2/10/11, 5:42 pm
Related Questions & Answers
-
I bank with wells Fargo. Every few months, they add on "BILL PAY SERVICE FEE ON... Asked 2/08/11, 9:47 am in United States California Banking Law
-
I have an X amount of money in bank account where all my paycheck goes in, when i... Asked 1/29/11, 11:25 am in United States California Banking Law
-
If a bank deposits money in your account that you do not know of the origin, is it... Asked 1/25/11, 11:30 am in United States California Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
