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re: Escrow shortage
Posted on 3/28/17 at 9:46 pm to PhiTiger1764
Posted on 3/28/17 at 9:46 pm to PhiTiger1764
Did you get a refund from your previous insurance policy once you cancelled?
Posted on 3/28/17 at 9:49 pm to Lsukj
Nevermind, saw the answer. Your refund probably was not enough to cover them paying 2 ins premiumand in same year out of escrow. they should have sent you an escrow analysis worksheet outlying the previous 12 months and the projected 12.
Posted on 3/28/17 at 9:58 pm to PhiTiger1764
My mortgage requires me to be able to cover the payments as well as have a certain dollar amount or percentage within the escrow account all times.
Posted on 3/29/17 at 5:32 am to PhiTiger1764
I get this letter every year. But mine is supposedly because my property tax is going up every year. Last year was damn near $700...this year was like $350 or so.
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