Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

FlyingPiggy

(3,748 posts)

16. In all my experience w various lenders, not once has this been done.

Reply to ProfessorGAC (Reply #2)

Tue Nov 19, 2024, 08:09 PM

Nov 2024

I roll my property taxes on to my mortgage but not my homeowner’s insurance. Never. And I have never had any lender confuse this or do anything like this.

Click here to purchase valentine hearts!

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

21 replies

= new reply since forum marked as read

Highlight:

What's w these new mortgage lenders being so shady? [View all] FlyingPiggy Nov 2024 OP

CFPB WhiteTara Nov 2024 #1

Better hurry. n/t Yavin4 Nov 2024 #4

yep. Gone tomorrow. WhiteTara Nov 2024 #7

I've filed a claim. This is shady as all get out. FlyingPiggy Nov 2024 #15

Many Mortgage Companies Do That ProfessorGAC Nov 2024 #2

Insurance? Really? getagrip_already Nov 2024 #3

Yep! ProfessorGAC Nov 2024 #5

Its common for years to escrow Ins & tax payments. But yours sounds different Callie1979 Nov 2024 #6

At 71 years old, I have NEVER heard of a mortage company that DIDN'T include insurance and tax escrow fund Attilatheblond Nov 2024 #8

I've owned home in three states obamanut2012 Nov 2024 #9

I hate to tell you, it's "PITI". Principle, interest, taxes, and insurance. Intractable Nov 2024 #10

I piti the fools.... lol getagrip_already Nov 2024 #11

I can't answer. Sorry. I just print. Intractable Nov 2024 #12

It was "PITI" with us - Principal, Interest, Taxes, Insurance hatrack Nov 2024 #21

In all my experience w various lenders, not once has this been done. FlyingPiggy Nov 2024 #16

And, We Experienced Tge Opposite ProfessorGAC Nov 2024 #17

Even after you submitted proof of insurance? FlyingPiggy Nov 2024 #18

We Didn't ProfessorGAC Nov 2024 #19

The lender has a right to impound for insurance. Their investment needs to be protected. PeaceWave Nov 2024 #13

There was ALREADY insurance. Proof was given to them. And they STILL collected money for homeowner's insurance FlyingPiggy Nov 2024 #14

Its called Lender Placed insurance Pinkpenguin43 Nov 2024 #20