From: Emperor Wonko the Sane <>
Subject: Re: So I could get a call from wells fargo.....
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Subject: Re: So I could get a call from wells fargo.....
From: Emperor Wonko the Sane <>
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On Thursday, March 8, 2018 at 12:00:46 PM UTC-6, michael anderson wrote:
> my mortgage has gone up.
> wtf?  
> I owe like 27 dollars more every month now.
> I say how does a mortgage go up?  I have a fixed rate.
> She says the escrow has gone up.  She says the county(Jefferson co) has raised property tax.  
> I say thats bullshit....she says at least you can deduct the increase on your taxes next year.  I
say no I can't because trump's most recent tax increase prevents me from doing that.  She says I'm
sorry but the change for the county property tax is all explained in the letter.  
> Which gave me an idea- any property tax increase should be voted on ONLY by those who actually own
> Jefferson county is democratic leaning, but the small communities in jefferson county where people
actually own property with any value(Homewood, Vestavia, Mountain Brook) is republican.  Why in the
world should jefferson county democrats, who either don't own property or own negligible amounts of
property, get to tell the people who actually own the property what tax they should pay on their
> Of course they are just going to just raise property taxes....

It's a racket.  I've had them increase my escrow when property values were going down.  My guess is
the interest they make off of escrow accounts is a significant profit center.