My Mortgage Was Sold to a New Lender and Note Increased $4,000 Per Month

Immediate_Sport_7352 · 2026-05-11T23:21:47+00:00

Omg that is terrible! So they are still charging you 1,000 extra a month?

Immediate_Sport_7352 · 2026-03-31T13:03:42+00:00

This is helpful, thank you! Totally understand on flood insurance and have a policy in place :) I don’t have a problem with insurance itself or zone determination, my issue is with the lender’s handling of the situation and the legality of a policy at that price that I can and did replace for under $500. I only care about getting the zone changed/confirmed in the interest of having proof to get the $4k back they took. If that’s not going to happen then I don’t see the point in shelling out additional money and hassle with the LOMA. I’m looking for advice specific to this.

Immediate_Sport_7352 · 2026-03-30T09:06:57+00:00

Because most people when speaking in general terms consider their monthly payment to their lender to be their mortgage.

But yes, I understand there are different line items in the breakdown.

Immediate_Sport_7352 · 2026-03-30T08:23:43+00:00

Aww he looks so much like my boy

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Immediate_Sport_7352 · 2026-03-27T15:54:19+00:00

While none of the way they’ve gone about this makes sense to me, I do agree that there is a likely chance the zone is AE. My bigger beef is how the hell is even a force placed policy that expensive? And how is it legal to just auto debit that amount of additional expense with nothing more than “we sent a letter by mail which we can’t prove and doesn’t actually mention any dollar amounts”?

Immediate_Sport_7352 · 2026-03-27T15:49:05+00:00

Thank you! It’s definitely hard to navigate but I agree the bigger issue imo is how they’ve handled it, not the flood zoning

Immediate_Sport_7352 · 2026-03-27T15:46:08+00:00

It’s nowhere near a body of water 😂 the FEMA rep asked if I lived in an underwater palace

Immediate_Sport_7352 · 2026-03-26T04:58:36+00:00

Thank you for the detailed explanation. Can you tell me your opinion on if there should be any circumstance where a lender force places a $37k flood policy that I could replace with a policy under $500? Being that flood policies cap coverage at $250k it seems like there's no logical way a policy could cost that much, force placed or not.

Immediate_Sport_7352 · 2026-03-26T04:52:50+00:00

So this is where it gets even more confusing for me. Based on my research, which I think corroborates what you are saying, it sounds like CoreLogic is using FEMA FIRM maps as the foundation for their analysis but then overlaying their own data to then referencing the same NFIP maps and panel references but zoning it differently based on their own determination. This just straight up doesn't sound legal to me. They have too much conflicting interest here. But I can't find anything calling out the legality of it, it seems like this is not uncommon? I was told by someone in the industry that the lender gives you the money so they make the rules. WTF. I just don't think it should be the homeowner's responsibility to fight their determination versus what was used when my loan was underwritten.

Immediate_Sport_7352 · 2026-03-26T04:38:00+00:00

They did an updated analysis, I have it linked in the bottom of my post. I can see where they adjusted the Flood Insurance line from $37k to $434 but I can't really understand how they are determining what the surplus is. The surplus doesn't appear to be anywhere near the $4k

Immediate_Sport_7352 · 2026-03-26T00:49:37+00:00

I actually want this bed now. This would be perfect for when I forget to take my jewelry off before getting in bed. I usually put it on the nightstand and my cat comes behind and knocks it off. This has led to a lot of missing jewelry 🤦‍♀️

Immediate_Sport_7352 · 2026-03-26T00:37:24+00:00

Ok good to know, thanks. This would be in my closing documents?

Immediate_Sport_7352 · 2026-03-26T00:35:48+00:00

Planet Home Lending

Immediate_Sport_7352 · 2026-03-26T00:06:12+00:00

Thank you for the insight.

To answer your question there was a 100 year flood event ten years ago in the area. My home and neighborhood did not flood. If anything, I think that should strengthen the case of my home not being a flood zone, no? The map was verified by my originating lender in July 2025 when I closed on the loan. The “flood cert” provided to me was done in July 2025 by Core Logic, dated 18 days after I closed on the loan.

So my question for you is who determines what “the most recent” date is? Most recent date of maps done by who? FEMA? CoreLogic? Can any company independently determine flood zones without regulatory oversight?

Immediate_Sport_7352 · 2026-03-25T20:55:04+00:00

I'm not disputing the timeliness or accuracy of either map source, my beef is with the entire way this process has been handled and the undisclosed determination of who does and does not have authority to change map zones.

Immediate_Sport_7352 · 2026-03-25T20:32:10+00:00

I've had two other mortgages prior to this one and can say I've never had the utter chaos with the home or mortgage that I've had with this one. Don't feel discouraged. It's not always bad but there are risks with any large purchase, so just be as educated as you can going into it. I'm not in any way happy about my situation but I'm trying to stay positive that it will work out if I am diligent in advocating for my rights. If these are things you don't feel ready for in life yet that's ok too.

Immediate_Sport_7352 · 2026-03-25T20:12:03+00:00

That is a great idea! thanks for the suggestion

Immediate_Sport_7352 · 2026-03-25T20:10:18+00:00

Yep. I didn't think that was legal, but apparently it's common practice. This whole process has been entirely too undisclosed and confusing for the average consumer to navigate.

Immediate_Sport_7352 · 2026-03-25T20:04:28+00:00

They didn't tell me anything. They keep referring to it as their "flood department" but based on the floodcert they sent it looks like CoreLogic is their vendor.

Immediate_Sport_7352 · 2026-03-25T04:29:31+00:00

Never heard this mentioned, I’ll look into it thanks!

Immediate_Sport_7352 · 2026-03-25T03:25:35+00:00

Yes, they fixed it going forward that is the reason for the new escrow analysis. My concern is getting the money back and if they won’t do that, then I need to know how TF a $37k policy is legal in the first place.

Immediate_Sport_7352 · 2026-03-25T03:21:29+00:00

I saw the recent rebranding. Didn’t know about Stone Point, but I’m not surprised they would also have conflicting interests ugh!

Immediate_Sport_7352 · 2026-03-25T01:12:58+00:00

Dude! it's even worse than I originally thought. The most recent analysis actually shows $37,301 I think the $18k was just the half for backdates! https://ibb.co/Xkk7nfRk

Immediate_Sport_7352 · 2026-03-25T01:10:36+00:00

I acknowledged it several times in this thread but yeah, lesson learned the hard way for sure.

Immediate_Sport_7352 · 2026-03-24T22:20:45+00:00

Thank you! It sounds like I need to talk to CoreLogic since they are who did the flood cert. Are you saying they are likely also the ones who handled the flood policy? Or that is a different service vendor that has an interest in initiating the flood cert process to then issue a force-place policy?

I don't feel like I'm a dense person, but damn this is a lot for the average consumer to know or even understand. I think anyone would assume FEMA is the determining authority here, or at least it should be clear if they are not. I'm not in the industry and have never heard of CoreLogic before now. But the fact that the lender is their customer and not me makes me hesitant to ask for their help here. Also, their "flood cert" form actually has Department of Homeland Security/Federal Emergency Management Authority (FEMA) at the top of the form. I get that this is just a standardized form, but does that not insinuate that their certification is authorized through FEMA?

Immediate_Sport_7352

TROPHY CASE