Property Taxes collected too much

Posted By: Patricia

Property Taxes collected too much - 11/21/12 03:20 PM

After a loan closed we discovered that we collected too much for property taxes. Used the wrong year to calculate. So not sure what we should do.
Posted By: ComplianceNerd

Re: Property Taxes collected too much - 11/21/12 03:56 PM

Is this going into an Escrow account or was this just PTaxes paid at closing?

Have you thought about refunding this to the customer?
Posted By: Patricia

Re: Property Taxes collected too much - 11/21/12 07:16 PM

Yes funds went into escrow account. Yes have thought about refunding but just wanted another opinion. Thanks.