Weichert Financial Services Mortgage Complaint

Weichert Financial Services Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account New Jersey

When I bought my house, I was persuaded by the low monthly payment - $1600.00 per month -. I had a 30-yr fixed mortgage at ~3 %. In less than one year, that increased to more than $2300.00 per month. I was told that the ( escrow? ) costs were underestimated and because the seller had made major improvements before I bought it, the taxes were increased. The realtor - Weichert in New Jersey - had not mentioned this to me at all prior to my purchase, even though I 'm a single woman supporting a family by myself. I complained but they told me it would go down later. It did go down a year later, but to $2100.00 per month, still much greater than the $1600.00 per month that I thought would be my monthly mortgage burden. Weichert of course knew I made ~ $ - per year, and that I had substantial cash savings and no debt ( other than the house mortgage ), so they thought it was no big deal if my costs went up because I could afford it. They also unilaterally made a bid on this house that was higher than the bid that we had agreed to on the house, based on the neighborhood comps. Again, they just wanted to close the transaction ( this was almost 3 yrs ago when the housing market was still struggling somewhat because potential buyers were being rejected for mortgage loans -. What Weichert did was completely reprehensible, if not illegal. They breached their fiduciary duty to me out of their own greed. I would not have bought this house had I known that my monthly payments would be this high.