Legal Question in Real Estate Law in Indiana

My escrow account on my mortgage has a overage of $4028 due to an increase in payment last year that to find out was not needed to cover my escrow payments, taxes, insurance and cushion of 17%. I contacted them in July 2008, to see if they could find out at that time why my payment went up $200 per month. They said I needed to wait until an escrow analysis was completed in 2009. It is now complete and they owe me $4028. I am currently 2 months behind on my payment due to struggling to make the payments at the increased amount. If I do not get my loan current, they are going to hold that money until next year 2010. Can they do that? Even if all of this started with their error.


Asked on 8/18/09, 6:28 pm

1 Answer from Attorneys

what does your loan note and mortgage say about their rights? You might want to send them a qualified request for information about your mortgage.

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Answered on 8/18/09, 6:44 pm


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