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TinkyA

Payment to bring current applied escrow instead

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Hi all,

I'm not sure if I should post this here or in the BK forum, so if you think it would best posted there just let me know and I'll delete this and move it there.

I'm in my final year of a CH. 13 BK. (It's the best thing I ever did, but that's another story). At the end of last year, we fell two month behind in our monthly mortgage payment that we pay directly to the lender (two cars broke down and a emergency vet bill for the dog, but whatever). Starting in Jan., I've been sending hundreds extra each month to get caught up. This been HARD to do, but it was necessary and I didn't want to mess around being behind with my regular payments while in the Ch. 13.

Finally, I saw the light at the end of the tunnel. My April morgage statement listed my current amount due for May 1 as around $3,000.  I happily mailed that check overnight mail on May 5 and it cleared my bank a few days later. It felt SO good to write in the memo, "remaining past due amt for April and full May payment--current up to June 1."

Yesterday a statement arrived dated mid May. It shows my $3000 payment and lists my June 1 payment amount as $3500 and change. That's a full two months of payments. WTF? I dig though the details and it looks as if out of that $3000 check they applied one full mortage payment and distributed that accordingly (some to principle, some to escrow, and so on) and took the remaining $1300 and applied it to ESCROW. I should note that I've not received any notice that our escrow was short, and hazard insurance/property taxes barely moved this year.

I want to cry. I am in pretty much the same place I was nearly 6 months ago after sending extra every month  since Jan. (Well, I'm not as bad off because I'd been two payments behind and now I'm "only" one payment behind, but still.) AND, I dont HAVE $3500 to pay on June 1. I've emailed the paralegal at my BK attorney's office, but by and large they balk at getting involved in any regular mortgage stuff bc it has nothing to do with the CH. 13. 

Is there anything I can do? Am I just screwed here?

T.

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Thank you. I will try. They tend to be rather unsure of what they're doing half the time (it's a small servicer) so I'm not holding my breath, but it's sure worth a try.

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If the escrow was deficient, it HAS to be replenished at some point.  This holds true regardless of what is placed in a memo line.

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If the escrow was deficient, it HAS to be replenished at some point.  This holds true regardless of what is placed in a memo line.

This is also true. Need more information for sure but still stand by calling servicer to better understand what they did and why.

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21 hours ago, tiggerlgh said:

Call and talk to your servicer. It may be a very easy fix

Definitely this.

 

Whenever you send a mortgage payment that isn't EXACTLY the amount of a scheduled payment, call in advance and let them know it's coming and ask for special instructions (if any).

 

Otherwise you are taking your chances of what happens to the remainder of

 

Payment amount - X

 

... where X is your regular payment amount.

 

This is usually an easy fix with one phone call.

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