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Updated almost 6 years ago on . Most recent reply

User Stats

55
Posts
24
Votes
Eran Lifshitz
  • Investor
  • Tel Aviv, Israel
24
Votes |
55
Posts

Escrow Negative Balance - How Can That Be?

Eran Lifshitz
  • Investor
  • Tel Aviv, Israel
Posted

I have an unclear issue and hope you can help me to clear it up.

I have saw few examples in tapes of assets which has negative escrow balance.

How can escrow balance be negative?

If the escrow has positive balance it pay the taxes and insurance, and if it has no balance it just don't pay, isn't it?

Does the negative balance indicate that there is a unpaid taxes debt to the county (meaning, if I see debt in the county account it should be referring to the same debt)?

Most Popular Reply

User Stats

248
Posts
249
Votes
Dan Deppen
  • Erie, CO
249
Votes |
248
Posts
Dan Deppen
  • Erie, CO
Replied

The servicer may have advanced funds for taxes or insurance.

  • Dan Deppen

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