Refi neither bank paid property taxes now they are late
I have had a very rough refi experience with B of A. It's a long tale. Hopefully this is the final fubar.
I have refi 2 loans into one loan paying off one of the two loans. The two original loans are with Wachovia. The refi loan holder is B of A.
I finally got the loans funded correctly. Not my job as a client. However B of A has bungled this refi so badly I had to step up and get things corrected. Started the refi process in early Feb.
The latest fubar is regarding the property taxes on both properties.
Neither Wachovia nor B of A has paid the property taxes on either of my properties.
They were due of course on April 10th. There are late fees owed on top of the property taxes times 2 as of today.
So which bank was to pay the property taxes legally?
Wachovia was paying them as impounds. Part of every loan payment went to the property taxes.
Judging from the figures wachovia gave us over the phone of money that has been sent to me. It appears to be for doubled up payments. These checks do not cover the money I paid into property taxes. Amounting to about $2500 each.
As part of every payment.