Posted on: 05th Apr, 2010 04:27 pm
Im financed through a private lender which had crooked employees. My payments werent being posted correctly. Apperantly that has been fixed, i dont know. Also my escrow was half of what my taxes actually are but no one knew this because the county lost my house in thier records. I had just assumed that the taxes where being paid out of my escrow by the lender. Now im looking at a huge tax bill that i feel the lender should help me with. any advice.
Hi dwright!
Welcome to forums!
I don't think that the lender will help you with the tax bill. The amount equal to your property taxes are normally deposited in the escrow account so that the lender is able to pay it off. However, as half of the taxes have been paid, you will now have to clear off the dues. You can always sue the lender for the errors that he made regarding your escrow account. I would suggest you to have a word with an attorney and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I don't think that the lender will help you with the tax bill. The amount equal to your property taxes are normally deposited in the escrow account so that the lender is able to pay it off. However, as half of the taxes have been paid, you will now have to clear off the dues. You can always sue the lender for the errors that he made regarding your escrow account. I would suggest you to have a word with an attorney and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane