Nobody
Notta,#2Consumer Suggestion
Wed, March 22, 2006
The only way they can use money from your escrow acocunt is if there is an overage. You should have been notified by mail of this overage. Anytime your account is deliquent the overage will not be returned to you until the loan is brought current. The only way the escrow overage can be used is if you authorize it in writing. Servicesr are required to maintain an escrow balance to pay the taxes and insurance, so if they are asking you to apply money from escrow, it is an overage. Call and request a copy of the letter that was sent advising you of the overage and then send the written request to apply the money.