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Originally Posted by wiphan
Again you are missing the point. There are no "fees" to escrow. These so called fees are $ used to pay taxes and insurance. If the customer renegotiates or recalculates their payments (ie. Ch13) then of course their escrow account is going to be messed up. This is the customers $ and used like a forced savings account to pay taxes and insurance. Instead of posting articles actually stop and think about it
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Again you are missing the point. This is not addressing what happens AFTER the Chapter 13. This is not addressing any monies in the escrow accounts, or owed to the escrow accounts in unpaid monthly fees contained in the monthly mortgage payment. It is an extra fee the bank is dumping on the client's account RIGHT BEFORE the Chapter 13, before the homeowner gets in court, in addition to the funds already in or owed to escrow in the monthly payment.
I suppose you could always call the Federal Bank Trustees investigating this to explain how they are wrong. And call the reporter and tell her that she shouldn't have written the article. And the bankruptcy court attorneys who have reported it to the Feds for investigation.