My mortgage account has an escrow overage of $13,125, Am I entitled to a refund, or can they retain it?
Deal Score0
I was previously behind on my mortgage, and was allowed to do a loan modification to become current. I sent in a 3,300 down payment to be set up on a loan modification. Now I have a new 30 year fixed rate mortgage, and $ 13,125 in the escrow account.
pretty sure you can ask for a check as long as prop. taxes and insurance is paid up.
You definitely are intitled to your money. An escrow account is your choice. They usually want something in writing though; just in case you don’t pay; it’s not their fault. You also do want to make sure the money didn’t have any bearing on the loan mod.