Posted on: 07th Dec, 2010 06:57 am
My brother has a mortgage thru CHASE, he has insurance and pays his taxes directly. After the huricane money was tight and he was past due on one months payment. The missed payment was divided into three payments that he was to apply to the current payment for three months. When CHASE received the payment they took the extra money and opened an Escrow with it without his knowledge. Is this legal, either way, how can he get this removed? He has tried for a year now or more to get this taken off, however each person he's talked to transfers him to someone else....Please Help?
That sounds highly suspect to me. I would guess that the answer may be found in his original loan documents or if he had escrows waived at a later date then in the documents he got at that time.