Hello everyone. I hope someone here can steer me in the right direction.
In November 2011 we bought a brand new condo. We were the first one to buy into this "new" association. Since then the "association" has been surrendered back to the bank and re-sold 3 times.
Now, I had no property tax due in 2012 as there were no assessments at that point. In 2013 we received our first property tax bill with the WRONG address (house/unit number 315, when we are 313). We contacted the city treasurer, who informed us to contact our County Land Records. We contacted them, they said it was the city's problem - contact building inspection. We contacted them, they said it was the "Declarants" problem. The declarant at the time was the bank... the same bank which holds our mortgage note and has been financing this whole project. I contacted them, their attorney informed me the land had been sold and it was the "new" declarant's problem. We were never notified through any of this of ANYTHING that was going on, let alone who to be paying dues to... which we ceased doing this April because NOTHING was getting done anyways - no snow plowing, no lawnmowing, no maintenance, etc.
Today someone showed up and started chopping down trees. After a few phone calls I find out the whole property has been sold AGAIN.
Now the above doesn't necessarily play into the mortgage situation, but after going rounds with everyone and getting nothing but finger pointing I gave up trying to get this address situation straightened out. I still don't know who's property tax we're paying, ours or our neighbors.
Then earlier this year our utilities account was cancelled and our power nearly disconnected because the bank which owned a vacant unit next to us gave the utility company OUR address. Once again I made it a point to get this situation corrected, contacting the President of the bank directly. He assured me they would fix it. Hasn't happened.
During this second attempt I come to find out from our County Land Records that we signed "amendment" in February 2012 to correct an issue of an incorrect "unit number" in the legal description. We were unit 7 and supposed to be 8 or some damn nonsense. But this document states NOTHING about an address change, nor were we told this would happen. Both our Deed and our Mortgage Note clearly state our address as 313. Matter of fact, even on this "corrected amendment" which also contained a NEW deed, it STILL lists us as 313.
We've become quite frustrated with the whole situation here, and while we love the property and home we're sick of this bank and it's incessant screw ups and lack of action. I was recently told by a friend who deals in commercial lending that, due to these issues, it may be possible for us to "walk" from the mortgage because (according to him) if the address is incorrect the mortgage is void. He told me to consult a real estate attorney to be sure, however it's Saturday so I can't do that until Monday.
Just thought I'd check here and see if anyone knows whether this is true or not.
Thanks for your time.
*PS - I am in Wisconsin if that matters.
In November 2011 we bought a brand new condo. We were the first one to buy into this "new" association. Since then the "association" has been surrendered back to the bank and re-sold 3 times.
Now, I had no property tax due in 2012 as there were no assessments at that point. In 2013 we received our first property tax bill with the WRONG address (house/unit number 315, when we are 313). We contacted the city treasurer, who informed us to contact our County Land Records. We contacted them, they said it was the city's problem - contact building inspection. We contacted them, they said it was the "Declarants" problem. The declarant at the time was the bank... the same bank which holds our mortgage note and has been financing this whole project. I contacted them, their attorney informed me the land had been sold and it was the "new" declarant's problem. We were never notified through any of this of ANYTHING that was going on, let alone who to be paying dues to... which we ceased doing this April because NOTHING was getting done anyways - no snow plowing, no lawnmowing, no maintenance, etc.
Today someone showed up and started chopping down trees. After a few phone calls I find out the whole property has been sold AGAIN.
Now the above doesn't necessarily play into the mortgage situation, but after going rounds with everyone and getting nothing but finger pointing I gave up trying to get this address situation straightened out. I still don't know who's property tax we're paying, ours or our neighbors.
Then earlier this year our utilities account was cancelled and our power nearly disconnected because the bank which owned a vacant unit next to us gave the utility company OUR address. Once again I made it a point to get this situation corrected, contacting the President of the bank directly. He assured me they would fix it. Hasn't happened.
During this second attempt I come to find out from our County Land Records that we signed "amendment" in February 2012 to correct an issue of an incorrect "unit number" in the legal description. We were unit 7 and supposed to be 8 or some damn nonsense. But this document states NOTHING about an address change, nor were we told this would happen. Both our Deed and our Mortgage Note clearly state our address as 313. Matter of fact, even on this "corrected amendment" which also contained a NEW deed, it STILL lists us as 313.
We've become quite frustrated with the whole situation here, and while we love the property and home we're sick of this bank and it's incessant screw ups and lack of action. I was recently told by a friend who deals in commercial lending that, due to these issues, it may be possible for us to "walk" from the mortgage because (according to him) if the address is incorrect the mortgage is void. He told me to consult a real estate attorney to be sure, however it's Saturday so I can't do that until Monday.
Just thought I'd check here and see if anyone knows whether this is true or not.
Thanks for your time.
*PS - I am in Wisconsin if that matters.
