Updated almost 2 years ago on . Most recent reply
My mortgage was just sold & now im having issues w/ escrow acct
My mortgage was just sold to PNC bank in August and now I’m having issues w/ my escrow account. PNC bank is saying I’m really in shortage, they’re trying to collect next years estimated taxes/insurance in advance. My current yearly escrow w taxes is approximately 18k, so an additional $1.5k a month to my mortgage. They’re assuming the same cost and wanting to collect the additional 18k in advance before it’s due in august and November so they’re tacking it on to the escrow acct. Is this a common practice? They didn’t do that with my last mortgager. Is there anything I can do?? Any help will be greatly appreciated. Thanks!