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Updated about 5 years ago on . Most recent reply

User Stats

33
Posts
12
Votes
Robert Johnson
  • Rental Property Investor
  • New Bern, NC
12
Votes |
33
Posts

Taxes and insurance escrow account surplus

Robert Johnson
  • Rental Property Investor
  • New Bern, NC
Posted

I was got my 2019 T&I disclosure for my primary residence which I bought last May. The disclosure said my account had a surplus of about $4,000. I’m happy to get my money back, but I wanted to know if anyone has ever seen a surplus this large before held in escrow? I don’t want to start making plans (or worse spend the money) for them to come back and say it was an accounting error and I have to send it back. Thank you all in advance!

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