Will I get my escrow money back from American Home Mortgage after refinancing? - bankruptcy mortgage refinancing
I refinanced filed 2 weeks before the American Home Mortgage bankruptcy. I still owe money from the trust account (escrow account has been further developed at the end) the new company. When the silver mine the custody and protection of the bankruptcy of the company or the company can return to the late payment? Thank you!
Sunday, January 24, 2010
Bankruptcy Mortgage Refinancing Will I Get My Escrow Money Back From American Home Mortgage After Refinancing?
2 comments:
You may now, if they kept separate [to an account, as they should] ...
difficult to guess
May depend on state law in your country ... need that Google.
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It is certainly as good as certain that the refinancing has registered the same day or the next day was ... You can check it at the usual place, possibly in the line [Land Records ... Simply Her real name].
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One thing is for sure ... Your monthly payment is pending in the direction he was told. someone to take care of and will continue if the money is not displayed.
GL
The balance of the Escrow * must * be passed, that the new lender. The loan terms (rate, payment, duration, etc.) should not change. If the balance is not transferred into your trust account, or if nothing changes in the loans, call the source and **!!!
Escrow accounts are nothing more than a piggy bank keeps your money, should be to your property taxes and insurance premiums (of course not really using "piggy bank" - the mortgage money for their own purposes and then only pays the bill when it comes to ... yup, you give them your money interest-free)
It will keep an eye on the mail account that your mortgage payments to make a. say something along the lines of a "Change Notification Service."
Be careful if you are late more than 30 days because of the misunderstandings score go, regardless of your credit and I'll call off points. So make sure you have and pay it to the right place.
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