I see on the news a handicap person had a modification of her mortgage.
Afterwards her mortgage kept going up month after month. She learned it was from the bank escrow account to help pay insurance on the $20,000 mortgage. She pays no property taxes because she is handicap.
I wonder if the bank can force this matter. I say that because I pay my own Insurance and taxes from My own fund. Been doing it for years, after chuck told me. That way I get some nice interest during the year. The mortgage company never said a thing to me.
What are your views.