Asked by Shay Navarro, Corona, CA • Fri Feb 26, 2010
I closed on a home March 10th last year located in Corona/Eastvale area zipcode 92880. We bought the home for $305,000 on a 30 year fixed loan. Earlier this month I received a letter from my mortgage company that stated my loan/escrow account was reanaylzed and there was a shortage in the escrow of almost $700.00 and the payment would also be going up per month almost $300.00 to cover the rise in taxes.
I talked to my realtor and he said something doesn't sound right since we bought the house for $305,000 as a forclosure from the bank, the last owner had paid $510,000 for the home. I believe the bank had bought the home for $280,000. My realtor thinks the taxes should have gone down not up, last year taxes were $3,810 for 2009, this year $5,402. I know there are special taxes applied by jurupa district for mello rouse, 30yr bond. I spoke to them and they said that those amounts wouldn't fluctuate that much to make that big of a difference on the property taxes. ANY HELP?
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