Posts Tagged ‘Escrow’

American Home Mortgage Holdings Angers Partners

Written by Timothy Blake on August 21, 2007 under Archives, Escrow, Lenders, Tax Debt

I do not have any houses serviced by American Home, but have been tracking the progress of the mortgage payment servicers for mortgages during the mortgage meltdown. American Home is holding payments collected from borrowers and not forwarding the money to the lender as specified in their servicing contract. Their defense of the action is “it’s their (American Home’s) money while their bankruptcy is being sorted out by the courts.

Personal Bankruptcy, Reaffirmation, ARM’s and Foreclosure

Written by Timothy Blake on August 02, 2007 under Adjustables (ARMs), Archives, Escrow, Foreclosure

Banks claim they do not want to foreclose because they lose money. I have permission to share this open letter from a person that did not reaffirm their adjustable rate mortgage after bankruptcy:

Check escrowed taxes, insurance as lenders struggle

Written by Timothy Blake on July 28, 2007 under Archives, Escrow, Suggestions

What is your recourse if the mortgage company fails to pay your taxes? What if they do not pay your property insurance? If you read about your mortgage broker going to prison or see your mortgage company on Fox News with Shepard Smith you might want to check your statements. The lenders referenced below are stong and healthy and still made mistakes. Cases in point:

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