Mortgage Escrow

The lender should, when they pay the money from the escrow, give written advice to the borrower when they pay the taxes. You can also get a copy of the paid bill from the county treasurer or whoever collects the taxes. That said, in this day and age of problem lenders, you should make sure that the lender is actually paying the taxes. I have had situations where they temporarily took money from the escrow to invest in short term securities and did not tell anyone. I caught a Sand L doing this many years ago before the SandL demise. Usually taxes are superiior to  the mortgages so the lender has an incentive to pay the taxes.

Related posts:

  1. Mortgage cramdown
  2. Learn how to get a mortgage while in Fal Ncia

There are no comments yet. Be the first and leave a response!

Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://www.polk-associates.com/blog/mortgage-escrow/trackback/