Posted: Wed Sep 03, 2008 5:19 pm Post subject: can a mortgage hold my escrow surplus check for a late payme
I have a surplus check that belongs to me from my escrow account,they will not release it to me until I make a payment on my mortgage it is a big check what shall I do help me.
The mortgage company can hold the surplus check to compensate for any late payment charges. _________________ Procrastination is the enemy of your financial success
R. Miller Guest
Posted: Wed Aug 19, 2009 7:46 am Post subject: Escrow Surplus
I have a large escrow surplus and my account is current. The mortgage company told me that I have to make my next payment on time and then call back before they will release my escrow surplus. Can they do this? I told them that was against the law because legally that's my money and they have no right to hold it and make me wait until another mortgage payment is made. Am I correct?
for me, it's worth the trouble to pay the next payment and then receive the check. if that's their conditions for releasing the funds, is it truly a hardship to do that? _________________ George M. Akerley
Loan Consultant
860-221-5044
Guest
Posted: Sat Nov 07, 2009 8:05 am Post subject:
if payments are current. they have to release escrow surplus promptly.
ella_townsel89
