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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.

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome ella_townsel,

The mortgage company can hold the surplus check to compensate for any late payment charges.

Like | Dislike | Share | Posted: Wed, 09/03/2008 - 21:53 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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?

Like | Dislike | Share | Posted: Wed, 08/19/2009 - 07:46 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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?

Like | Dislike | Share | Posted: Wed, 08/19/2009 - 12:41 | Post subject:

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