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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,632
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The final straw for me was a fixer-upper house I decided to keep for a while, and financed it with an escrow account.
After a few months, I got a nasty-gram from the lender, charging me several hundred dollars extra every month, for letting the insurance lapse.
Huh?
Took a few nasty-grams from me to explain that the reason for escrow is that they are responsible for taxes & insurance!
Finally got it straightened out, but never again will I let a mortgage company be responsible for my taxes and insurance.
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