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UPDATED******If you have an escrow account......??
doesnt it pay the taxes and homeowners insurance??
we just got a bill for the homeowners insurance I am freaking out a little
UPDATE..talked to my insurance broker so she called my Mortgage company and they are gonna pay the HI
but I feel like if I didnt know and just paid the bill no one would have even noticed 
Message edited 3/12/2008 2:50:12 PM.
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Posted 3/11/08 3:03 PM  |
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AnotherBFP
LIF Infant
Member since 2/08 239 total posts
Name:
Baby Momma
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Re: If you have an escrow account......??
it should. Are your sure it's a bill? we got a bill sent to us but it said "To be paid by our mortage company on such and such date." It's for our records.
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| Posted 3/11/08 3:08 PM |
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Re: If you have an escrow account......??
Posted by AnotherBFP
it should. Are your sure it's a bill? we got a bill sent to us but it said "To be paid by our mortage company on such and such date." It's for our records.
no it says bill
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| Posted 3/11/08 3:31 PM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
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Re: If you have an escrow account......??
Maybe enough wasn't put into the account. We got that last year, we owed about $300.
Give a call to your bank.
ETA: This was only for taxes. I never had an issue with insurance.
Message edited 3/11/2008 4:29:25 PM.
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| Posted 3/11/08 3:36 PM |
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Mrs-D-Girl
Love my fur baby
Member since 8/07 5183 total posts
Name:
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Re: If you have an escrow account......??
When did you close?
For instance, we closed in Oct and our bank required that my Homeowners was paid in full for 1-year, after a year my bank will pay for it through my escrow account. Check with the Mrtg company how it was set up.
Message edited 3/11/2008 3:44:03 PM.
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| Posted 3/11/08 3:43 PM |
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bicosi
life is a carousel
Member since 7/07 14956 total posts
Name:
M
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Re: If you have an escrow account......??
Call the bank and get it cleared up!
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| Posted 3/11/08 3:43 PM |
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LuvMy2Girls
@>---------
Member since 5/05 11165 total posts
Name:
Mommy
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Re: If you have an escrow account......??
Mine only pays taxes. We pay insurance separately.
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| Posted 3/11/08 4:10 PM |
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pnm1654
Mommy to 2 boys!
Member since 5/05 4565 total posts
Name:
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Re: If you have an escrow account......??
Just my taxes. I pay my own insurance. This was told to me at the closing though.
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| Posted 3/11/08 4:24 PM |
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Re: If you have an escrow account......??
I just ordered homeowner's insurance and paid in full. He did say the way it works, is that years down the road, we'll get this back in a refund, but in the meantime, when we move in, we pay a monthly amount. I guess this is the way the bank protects itself in case we can't make our payments that first year or something.
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| Posted 3/11/08 5:33 PM |
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JodiBabe
Married for 9 yrs!!!!!!
Member since 5/05 6672 total posts
Name:
Jodi
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Re: If you have an escrow account......??
Posted by sweetness
Mine only pays taxes. We pay insurance separately.
Ditto
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| Posted 3/11/08 8:55 PM |
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ChrisDee
My Girls
Member since 11/06 9543 total posts
Name:
Christine
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Re: If you have an escrow account......??
Mine pays both but I had to set it up that way.
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| Posted 3/11/08 11:54 PM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: If you have an escrow account......??
Posted by sweetness
Mine only pays taxes. We pay insurance separately.
Ditto for us too.
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| Posted 3/12/08 8:38 AM |
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ARIELSMOM
Love my Babes
Member since 8/05 5889 total posts
Name:
MEREDITH
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Re: If you have an escrow account......??
yes, our HO insurance gets taken out of our mortagae as well as our taxes. When its time for the anual renual of our HO ins. i get a bill, but then it automatically gets deducted from mort.
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| Posted 3/12/08 1:26 PM |
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Re: UPDATED******If you have an escrow account......??
update at top
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| Posted 3/12/08 2:50 PM |
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