BUYERS BE AWARE*** Worst bank eveeeer. Please read to the end and save yourself the hassle and never do business with this bank!
Our mortgage was sold to this horrible bank and ever since, for the past 5 years, we were living a nightmare. Thank God we were able to refinance this year.
Not only they keep the Consumer's money to the very last minute, they inconvenienced us so many times that is just unbelievable they still in business.
Last year, they did not send our home owner's insurance payment of almost $5k, on time, and because of it our insurance got canceled and it was a very stressful situation, specially living in south Florida with all the hurricane.
Also last year, as the stress of the pandemic wasn't enough, they kept forever to pay our property taxes which included Ygrene portion (which is another scam), totaling a little over $8K!
This year, we were able to refinance, and yesterday marked 1 month since we closed on it. Still, to this day, no escrow money was received.
We called and were told they take their sweet time of 10 business days to issue a check (of People's money), and supposedly the check was sent on July 2nd... To this day nothing was received (that is if they really sent it).
*Why they keep someone's money for so long? I do not know... it is not their money!
*Why they wait to the last minute to pay up? I also do not know...they will have to disburse the money anyways.
My theory is that they keep investing 'OUR MONEY' 'til the very las minute.
I have to pay the home owner insurance again by the July 19th2021, next Monday. I can already foresee the stressful nightmare that will be!
** I wished I had the money to bombard the TV with ads against 53 Bank, Ygrene! read more