Legal Question in Real Estate Law in Utah
mortgage
if your mortgage contract states that
you will pay your own property taxes.
Can the mortgage company turn
around a pay your taxes for you and for
you to have an escrow account with
them?
Asked on 11/20/08, 12:15 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: mortgage
The mortgage note and the associated documents form a contract, the terms of which state what each party can do. You or an attorney would have to read all of the documents to decide whether there are conditions under which the lender could establish the escrow account.
Answered on 11/24/08, 10:31 am
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