Am I required to set up an escrow account with American Home Mortgage Servicing Inc. to pay my taxes and insurance?
While, in most instances, your loan documents specify that you must make monthly contributions to an escrow account for payment of your taxes and insurance, American Home Mortgage Servicing Inc. does not require that you set up an escrow account as a prerequisite when approving your loan. American Home Mortgage Servicing Inc’s policy is generally to set up an escrow account only upon the request of the borrower but American Home Mortgage Servicing Inc. reserves the right to impose an escrow account under certain circumstances.
Related Questions
- I do not have an escrow account, however my property taxes are delinquent and I do not have the money to pay. Can ResMAE pay the taxes and set-up an escrow account for the payment of future taxes?
- Should I have my mortgage company set up an escrow account so I pay them taxes and insurance monthly, and they pay the tax bills and insurance payments when due?
- Am I required to set up an escrow account with American Home Mortgage Servicing Inc. to pay my taxes and insurance?
