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Escrow Account & delayin tax payment

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robertsmith2005 Joined: 22 May 2009 Posts: 338 -0.48 Dollars($)	Posted: Mon May 25, 2009 9:40 am    Post subject: Escrow Account & delayin tax payment Like 0 Dislike 0 one is maintaining sufficient fund in one's Escrow Account. But lender does not make tax payment on time. Who is answerable for penalty in such case?
sunil87020 Joined: 04 May 2009 Posts: 339 26.96 Dollars($)	Posted: Mon May 25, 2009 10:19 am    Post subject: Like 0 Dislike 0 definately lender is answerable in this case
sunil87020 Joined: 04 May 2009 Posts: 339 26.96 Dollars($)	Posted: Mon May 25, 2009 10:22 am    Post subject: Like 0 Dislike 0 The lender should pay the penalty for failing to pay the taxes on time as long you were current in your mortgage payments. If the lender refuses, you may wish to follow the guidelines for filing a complaint.
jameshogg Joined: 20 Dec 2005 Posts: 10148 Location: Nevada 941.94 Dollars($)	Posted: Mon May 25, 2009 8:58 pm    Post subject: Like 0 Dislike 0 Hi robertsmith, As you have an escrow account with your lender, it is he who is responsible for the payments. You should speak to him and check out why he is late on paying your taxes. Thanks

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