My mortgage company failed to pay my property taxes from escrow and now I’m being fined for late fees. Not sure how to proceed. I’ve been with the same mortgage company for a few years and they have always paid my homeowner’s insurance and property taxes from the escrow account. I have never been late or missed a payment. I received an email from the mortgage servicer saying there was a surplus in my escrow account and I would be getting a refund check. When I went to m…

I found a 20 year old mistake by my morgage company with my escrow money I have just found that my morgage company used my escrow money and paid someone else’s property taxes twice 20 years ago. What can I do? submitted by /u/Constant-Oil-9484

Plug and play e-com vs own website + escrow Good evening, I have several finalised products I am ready to sell online. I do not know whether to chose a service like Shopify, connect my own domain, and make a cookie-cutter website where Shopify handles everything or create my own web page + portfolio and handle transactions through an escrow service and invoicing. If anyone has done anythi…

Escrow payments for Marketplace Hi It’ all in the question, I want to make some SaaS marketplace with sellers and buyers, something like Upwork, but for the payment system I’m not sure know what architecture/solutions would better do the job. I first tried to use checkout.com , Stripe is not available where I am (don’t want to use their Atlas solution for the moment) and for P…

Escrow shortage seems excessive Can you dispute an escrow shortage? Our mortgage is going up $350+ per month but our taxes/property value and insurance have only gone up slightly the last two years. How can they have such a large shortage when nothing has increased very much? submitted by /u/angryscientist952

Escrow overpaid home taxes before exemption took effect. I need some clarification. Escrow just overpaid the home taxes. I had to file a certificate of error due to not being given a homeowners exemption. My tax bill reduced by $800. The escrow paid the tax bill before that exemption hit. My question is what do I do. I already sent the information to the bank. The county says they mail refund checks …

Mortgage Escrow Shortage I understand how mortgages work and that your payment can go up or down (most likely up) because your insurance and taxes can vary year to year. The problem is I just got my statement and it seems incorrect. My property taxes went up $1300 this year and my insurance stayed the same. My mortgage started in June so I get the statement in July so I…

New mortgage company not sending homeowners insurance payment through escrow even though they have the proper information…is this a scam? Our mortgage has passed through a few companies now. Every time all of the escrow information was updated automatically with no problems. About 6 months ago some new company bought our mortgage and when I look online I see that they have all the information they need regarding our insurance policy. I get a call from my insurance agent: “Hey, the…

Is there any benefit to paying an escrow shortage in full? I have an escrow shortage of $4100. Our current monthly payment is $2000, and it would go up to $2500 if I don’t pay it in full. Is there any reason why I should consider paying it in full up front versus just having the extra amount added to my monthly payment? submitted by /u/Ancient_Signature_69

Mortgage jumped over $400 a month because of escrow. Should go down next year, right? When we bought our house, the previous owners had completely renovated it, inside and out. This caused the property value to go from ~150k to our purchase price of $255k. The first year of owning the house, our escrow was accounting the property value at $150k. A year later, we receive a letter from our mortgage company stating our escrow is sh…

Tried purchasing home – now losing escrow? US, Florida for reference. I was told by the realtor that the escrow would be given back to me given if I didn’t qualify for the home due to something like I can’t get the loan. More or less, something out of my hands. The home buying process was dragged on for a little more than 2 months and turns out, just a couple days before closing, I’m den…

Escrow minimum balance If property taxes are 5500 a year what is the minimum balance by law they can ask you to have in your account? I heard it is 1/6th. So is that 1/6 of 5500? submitted by /u/Training-Ad7083

Escrow and mortgage question: lump sum vs monthly? Long story short I have a mortgage of about 290k at 2.8%. We had a tornado hit our house and rebuilt but I was able to keep paying original mortgage and not lose the 2.8% rate. The year that it was being built when they did the escrow assessment I had an overage of $6k so I got a nice check. I assume it was because they asssesed our property and…

HO insurance spike triggered an escrow delinquency + shortfall and seems unrecoverable. Now What? First time homeowner and I live alone. Its year 4 of my mortgage and there was a minor increase i my HO insurance (+1000). I should have noticed a problem then but didnt. Basically, the insurance company billed escrow in July but my escrow evaluation is 8 months later. I only ever got a confirmation that “Payment was submitted for yadda yadda” …

I just removed my PMI and now have a letter about escrow increase to monthly payment My house value is way over my owed amount so I was able to get my lender to remove my PMI after an inspection through them. Now 2 months later I’m seeing a letter stating my escrow account now has a shortage and I owe $X.XX or I will have a new payment well over what my previous monthly mortgage was (with PMI). Can anyone explain this? Can I rem…

What’s the downside to opting out of escrow? I understand the reason for having it and it makes sense most of the time, but if I don’t have PMI and plan accordingly for insurance and property tax payments is there a downside? submitted by /u/SlothSpeed

Mortgage Increased by $2,000/month. Escrow Shortage? Apologies in advance for the lengthy post, I appreciate any help on this. So we purchased our house at the end of 2021 (first home). We have been paying $3,500 a month for our mortgage, of which $2,500 goes to principal/interest and just under $1,000 goes into escrow for property tax, homeowner’s insurance, and mortgage insurance. We just receiv…

How to lessen the escrow for my mortgage? (FHA) Total monthly mortgage payment: Payment $1,996.06, Principal $568.91 Interest $681.21 Escrow $745.94 left: $284,900.02 Escrow Balance: $792.92 Interest Rate: 2.875% Maturing: 12/2050 Escrow Balance: $792.92 Escrow tax quarterly: $1,256.66 $186.85 to HUD RISK BASE PREMIUMS $1,634.00 to AMICA MUT INS Edit: I wouldn’t have gotten an FHA if I wasn’…