Posted on: 05th Aug, 2010 07:46 am
what does it mean when the suspense balance is $700.00 on your account statement?
Hi Guest,
As far as I can understand, may be your escrow payments have been increased which you haven't paid to the lender. The lender may have placed the entire mortgage payment in an "suspense" account until the next payment is made. I guess, this amount is mentioned in your account statement as suspense balance.
Thanks
As far as I can understand, may be your escrow payments have been increased which you haven't paid to the lender. The lender may have placed the entire mortgage payment in an "suspense" account until the next payment is made. I guess, this amount is mentioned in your account statement as suspense balance.
Thanks