Ya just gotta know that when things seem to be going along smoothly, something has to happen to change that.
Anyone (at least in my state) who’s ever mortgaged a home and escrowed the taxes and insurance, is familiar with the annual escrow analysis review. If you’re lucky, your monthly mortgage payment then either goes down or doesn’t change, but for most of us the payment goes up a wee bit because the taxes and/or insurance always manage to go up. Usually, it’s not a huge problem.
I just got my annual escrow review statement, and my mortgage payment is going up by $171 per month! I don’t know about anyone else, but for me that’s a chunk of change I wasn’t anticipating.
Sure, I knew that buying a property owned by an old lady who then died would result in the loss of the senior exemption, and I knew that loss would be recaptured on the next year’s tax bills, so I was aware my payment likely would go up at some point – but I thought it would be by no more than $50 or $60 a month.
Yes, I can meet the new payment, but it means that repayment of those home improvement loans will take a little longer. I had been taking any excess cash each month and applying it to those loans, but now I’ll have to apply it to the new mortgage payment instead.
But at least we’re in a nice, safe neighborhood, with good neighbors – right?
At 5:00 am this morning, I was in The Important Room doing a little reading and waiting, when all of a sudden I heard men yelling – and it sounded like it was right outside my house! I jumped up and looked through the blinds into the back yard, at which point I saw someone switch on one of those really bright flashlights the police carry – and it was only then that I noticed the flashing police lights on the street behind us. As near as hubby and I can figure, the gas station on the corner must have been robbed, and the robber then took off on foot through the parking lot of the church across the street from the station, which church property happens to abut my back yard.
Hubby’s immediate response to all the commotion was to tell me not to go out there for awhile (D-u-h!)
Puppy Cody did her job from inside the house. When she heard the yelling outside, she began barking excitedly to make sure ALL her people GOT UP DAMMIT! There was STRANGER DANGER! She wanted to go OUT and DEAL WITH IT! (We made her wait, of course.)
I don’t think anyone actually jumped the fence into the yard, and once it was light enough out, Puppy Cody, hubby and I all searched for anything that might have been thrown over the fence into the yard, and found nothing.
Needless to say, hubby and I are both a little more tired than usual today.
Darn, CM, can’t you ever have any good news?
Well, yes, actually I can. When the mail came today, it included a check from New York State for the annual rebate on school taxes, and since I’m over 65, I get the enhanced rebate. My check was enough to cover the entire escrow shortage on my mortgage!
That check is already in the bank. I was afraid if I left it in the house over the weekend something bad would happen to it – either it would get lost, inadvertently shredded, or burned up in a freak house fire.
Now I don’t have to worry about any of that and can enjoy the rest of my weekend.
And to round out the week, hubby and I are getting free chicken dinners today. The church pastor (who lives next door) came over the other day and gave us two tickets to their chicken barbecue. He said “The Church wants to buy you dinner.” I don’t know why the Church wants to buy us dinner – and I do love our new neighbors – so I’m sure not going to refuse!
HOPE YOU ALL ENJOY YOUR WEEKENDS. TGIF!
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Images by Cordelia’s Mom