Posted on: 28th Dec, 2010 08:55 am
What is the law regarding a the Mortgage Company, IE Chase Bank, to adhere to sending me my Tax check when I made it clear that I wish to personally pay my taxes bill. They claim they paid my bill, my city has no record of it. they are withholding my tax funds for interest purposes violating wi law. I need to know what laws governs this unethical activity?
Hi jtobrien,
Have you set up an escrow account with your lender? If yes, then you're paying a certain amount toward your taxes every month which is getting deposited in that account. The lender will be paying the taxes from that escrow account. Most lenders will prefer that their borrowers go for the escrow account.
Thanks
Have you set up an escrow account with your lender? If yes, then you're paying a certain amount toward your taxes every month which is getting deposited in that account. The lender will be paying the taxes from that escrow account. Most lenders will prefer that their borrowers go for the escrow account.
Thanks