Couldn't find anything regarding this in my searches.
Our escrow is usually analyzed in March. Any overages or shortfalls are adjusted then.
If you are over more than a certain amount they have to cut you a check, if escrow is in the negative, they raise your payment.
I think we may end up getting a small check back because our property taxes went down this year (they estimated too high last year and based our escrow payment on that). Since we will have filed chapter 7 by then (we are keeping the house), will they still send us that overage? Or can they keep it because we filed bankruptcy?
Our escrow is usually analyzed in March. Any overages or shortfalls are adjusted then.
If you are over more than a certain amount they have to cut you a check, if escrow is in the negative, they raise your payment.
I think we may end up getting a small check back because our property taxes went down this year (they estimated too high last year and based our escrow payment on that). Since we will have filed chapter 7 by then (we are keeping the house), will they still send us that overage? Or can they keep it because we filed bankruptcy?