Can Per Diem Rates Change?
I am working on buying a house in foreclosure. There is a first and second mortgage. The second mortgage is with Household Finance. The homeowner gave me pay off figures from 11/03 when I first met with her. The per diem was $7.68 and the "other fees and charges" were $3140. So I ordered an updated pay off to run my numbers. The 2/04 pay off says the per diem rate is $9.63 and the other fees and charges are now $5159 and of course the principle and interest have increased.
My question:
1. Can the per diem rate change? It seems a bit odd to me as I have never seen this happen with another loan
2. I am not sure why the fees would increase $2000 over 3 months
Does anyone have comments, suggestion, ideas 
The per diem changes monthly. It will go up as more interest and charges are compounded.
The fees increased because the attorney was billing by the hour. Probably because you showed interest. The easiest place to make a deal is with fees.
Lori
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