Posted on: 05th Apr, 2010 06:49 pm
My mother has two flags that are checked with Y. One for Homestead and the other for 2.5%. Now she wants to know why did her taxes go up $200.00 and why is part of the money in escrow?
Thanks
Thanks
Hi phillipacampbell!
Welcome to forums!
I guess the property taxes have been reassessed and the lender must have found that the taxes have been increased. As a result, the taxes have gone up for your mother. I guess, that there has been some excess amount left in the escrow account after paying off the last year's taxes. The lender will send an escrow overage check to your mother.
Sussane
Welcome to forums!
I guess the property taxes have been reassessed and the lender must have found that the taxes have been increased. As a result, the taxes have gone up for your mother. I guess, that there has been some excess amount left in the escrow account after paying off the last year's taxes. The lender will send an escrow overage check to your mother.
Sussane