Derby Trail Forums

Go Back   Derby Trail Forums > The Steve Dellinger Discourse Den
Register FAQ Members List Calendar Today's Posts

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #13  
Old 01-05-2012, 12:25 PM
wiphan's Avatar
wiphan wiphan is offline
Woodbine
 
Join Date: Jun 2006
Location: Miller Park
Posts: 980
Default

Quote:
Originally Posted by Riot View Post
Go to the aforementioned thread.
Click on the link to the original source.
Read the words in the original link that comes after, "Here’s how the double-dipping scam can be pulled off."
What that says is the banks are charging them double for their escrow account, once as part of their payment and once as a shortgage. Since the escrow account is in all reality the customers own $ how is the bank making out on this? If the home is sold or the loan is paid in full the customer gets their escrow money back. When the taxes are due the bank pays the taxes with the $. Same with the Home owners insurance. If a ch 13 bankrupt customer falls behind on their payments wouldn't their escrow account also fall behind thus creating a shortage in the escrow? What am I missing?
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 03:49 AM.


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.