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Reply #8: NEVER let escrow/mortgage company pay your taxes. [View All]

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trof Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-16-07 06:16 AM
Response to Original message
8. NEVER let escrow/mortgage company pay your taxes.
Not if you can possibly avoid it.
The only time my tax wasn't paid on time was when the mortgage company INSISTED that part of my monthly payment go into an escrow account which THEY would use to pay my annual R.E. taxes.

Of course the bill was sent to them.
And they somehow 'neglected' to pay.
The first I knew about it was when I received the delinquency notice.
It took quite a while to clear it up and get the penalty rescinded.

If I were going for a mortgage now, an escrow for taxes would be a deal breaker.
Never. Again.
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