Real estate tip: Escrow funds may need borrower supervision

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Just because you have an impound account does not mean that you can relinquish responsibility for paying your property taxes and insurance bills. Lenders sometimes make mistakes. Check the statements you receive from your lender to confirm that your bills are being paid on time. The lender should be responsible for penalties if the lender makes an error and your property taxes or insurance bills are not paid on time. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....