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Company Loan Type APR Est. Pmt.

Escrow Account & delayin tax payment

Posted on: 25th May, 2009 09:40 am
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?
definately lender is answerable in this case
Posted on: 25th May, 2009 10:19 am
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.
Posted on: 25th May, 2009 10:22 am
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
Posted on: 25th May, 2009 08:58 pm
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