Posted on: 02nd Apr, 2009 12:00 pm
TodayI noticed an extra $203 had been deducted along with my Mortgage payment. My husband called & was told that BY TEXAS LAW, we must have 2 months Mortgage inour Escrow account that our taxes had gone up last Decemeber & they had paid the additional out of that account.
If this is the case, why weren't we notified & why have they sent us a check each year, due to ESCROW overages?
If this is the case, why weren't we notified & why have they sent us a check each year, due to ESCROW overages?
Hi DonnaKT!
Welcome to forums!
In my opinion, the lender should have informed you about the increase in your escrow charges. They had sent you the overages checks because at that point of time, you had excess money in your escrow account. I would suggest you to contact your lender and check it out with them.
Sussane
Welcome to forums!
In my opinion, the lender should have informed you about the increase in your escrow charges. They had sent you the overages checks because at that point of time, you had excess money in your escrow account. I would suggest you to contact your lender and check it out with them.
Sussane