- Report: #744111
Report - Rebuttal - Arbitrate
Complaint Review: CITIMORTGAGE, INC.
CITIMORTGAGE, INC.PO BOX 689196 DES MOINES, Iowa United States of America
CITIMORTGAGE, INC. FRAUDULENT FORECLOSURE DES MOINES, Iowa
My mortgage note was subsequently resold by E-Loan Mortgage Company to Popular Mortgage Company, and within a matter of days Popular then resold to the Citimortgage (the present holder of the mortgage).
The Citimortgage then sent me a letter in which it informed the I, Svetlana Kudina, that she should henceforth make my payments to Svetlana Kudina (i.e., to myself).
I continue to make the required payments to the Citimortgage, including escrow payments, in the amount of $1,662.12 per month, representing the mortgage payment of $1,408.12 per month with an additional $254.00 for escrow payments.
On May 22, 2009, I was notified by Citimortgage that the escrow payments would increase starting with the June 1, 2009 payment, an additional $209.00, bringing the total demand for payment to $1,870.92.
This increase was said by the defendant to be due to an increase in property taxes. The basis for this purported increase appeared to be excessive in that during the relevant time period property values had dramatically decreased which should have led to a reduction in taxes (and escrow fees) due.
Upon receipt of this notification, I immediately notified representatives of the Citimortgage that the escrow account would be canceled making me personally responsible for payment of the property taxes. I also then successfully challenged the increased property tax valuation and assessment with the taxing authorities, and in June 2009 paid all of my property taxes in full, including pre-payment for the second half of 2009.
I have continued to make my regularly scheduled mortgage payments to Citimortgage and my tax and insurance payments directly to the taxing authorities and insurance carriers as they became due.
Despite the positive status of the my account (both with the mortgagee and with the taxing and insurance authorities), the defendant Citimortgage In c. initiated mortgage foreclosure procedures. See case #CV-10-5887-RBL in US District Court For The Western District Of Washington.
This report was posted on Ripoff Report on 06/22/2011 04:49 PM and is a permanent record located here: http://www.ripoffreport.com/r/CITIMORTGAGE-INC/DES-MOINES-Iowa-50368/CITIMORTGAGE-INC-FRAUDULENT-FORECLOSURE-DES-MOINES-Iowa-744111. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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