Legal Question in Real Estate Law in Indiana
Raised house Payment
Can a mortgage company raise my house payment, by paying my property taxes that I was supposed to pay..I was paying my own taxes and house insurance!
Asked on 2/26/07, 12:18 pm
1 Answer from Attorneys
Burton Padove
Indiana and Illinois Lawyer, Burton A. Padove
Re: Raised house Payment
You need to look at your loan agreement to determine what the lender can do. Usually, the lender can insist upon making those payments.
Bottom Line: What difference does it make other than you are making 12 equal payments for taxes to the bank instead of 2 to the county? At the end of the year, the amounts are the same.
Answered on 2/26/07, 3:30 pm
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