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#1702071 - 05/22/12 05:37 PM Escrow Account Balance & Foreclosure
Anonymous
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Is there any provision, including RESPA, that would permit a bank to keep an existing escrow account balance on a foreclosure and use it to reduce the outstanding principal balance?

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#1719530 - 07/12/12 06:59 PM Re: Escrow Account Balance & Foreclosure Anonymous
bankr grl Offline
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Joined: Apr 2011
Posts: 2
missery
BUMP
I also need the answer to this question.

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#1719588 - 07/12/12 08:01 PM Re: Escrow Account Balance & Foreclosure Anonymous
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
This is a legal question that should be addressed by your attorney after they review your loan and security agreements.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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