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Posted: Fri Jun 25, 2010 11:11 am Post subject: escrow

We took out a loan a few years back,the mortgage company our loan went is now bankrupt. The never had an escrow account we have always taken care of that ourselves we pay our own taxes and insurance. the insurance is paid monthly. taxes yearly. The company that bought ours out is now saying we owe them for taxes and insurance and are taking the money we send for houes payments and putting it on escrow and saying we are behind in the house payments.how can these people get away with this kind of robbery.

Guest

how can they get away with this kind of stealing from people

jameshogg · Posted: Sun Jun 27, 2010 8:57 pm Post subject:

Hi Guest,

Most the mortgage companies will want you to have an escrow account where you need to deposit your insurance premiums and property taxes. If you have the relevant documents which proves that you have made the payments on time, you need to show it to the lender and clarify the whole issue.

Thanks

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