My mortgage company says they paid the County in August and it’s now September. Why is the payment not showing on my account?
Many of the mortgage companies outsource their tax paying process to a third party tax service bureau. Because the lenders must have their list of accounts to be paid and the funds deposited with the tax service by a specific date (usually, either in August or November), they tell their clients that they have paid the County. The County has established a schedule for the Lenders and the Service Bureaus to submit their payments, so the accounts may be credited in a timely fashion (usually, the last week of September or December). In short, there is often at least one month between the time that the payment leaves the mortgage lender and that it is received and processed by the County. TRANSFERRING & REFINANCING PROPERTY If you are transferring (i.e., selling) your property and your tax bill is unpaid at the time of settlement, taxes will be collected by the settlement attorney. Pursuant to Maryland State Law, all real estate taxes must be current (i.e., paid) before the deed can transfe
Related Questions
- My mortgage company says they paid the County Tax in early July and it’s now early August. Why is the payment not showing on my account?
- My mortgage company says they paid the County in August and its now September. Why is the payment not showing on my account?
- My mortgage company says they paid the County in August and it’s now September. Why is the payment not showing on my account?
