Posted by ME/NJ on 9/11/12 9:03am
Msg #433878
What the heck happened to my area
I have business, but not like the last 3 months. One draw back when you're busy people who called moved on to others in area and guess who will get there next call NOT ME. Had a bad quicken deal last month and not one quicken loan since.
Chase HARP loans are nuts, I've had more re-schedules and no signs in last two weeks. These loans are becoming long on time now and people are shocked about the numbers. In NJ we pay one of the highest amounts for taxes and they go up every year. Had one yesterday the borrower saved 200/month on P&I but the new tax bill came in and in the long run is only saving 80/Month compared to last loan. It was explained once escrow audited his account that his old loan would increase another 120/month.
At the rate taxes are going up in this state your tax bill will be more then mortgage payment in a few years.
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