What are my options when my escrow shortage causes higher payment

[Brandon Curry]

I just got an escrow analysis from a new lender (transferred about a month ago) and there is an escrow shortage. The property is in South Carolina. (Columbia, Richland County) The increase would case the payment to go up $900. Last year I got money back because of a shortage now there’s a massive overage.

What options would I have as an exit strategy to get out of paying this high amount? I understand it has the possibility to change yearly but I didn’t expect it to almost double what the mortgage is on the property. First payment of the new amount is due the 1st of next month as well. I cannot absorb that kind of loss continuously for the next year. Any suggestions wil be helpful.