Thursday Morning - Quality over Quantity brought to you by ill

Flavortown Tebow said:
multiple times more than the overdue insurance bill
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my mistake, then you have right to be mind blown

You'll most likely need to pay that rebate back, at least a portion of it that represents your actual insurance payment if they didn't factor that into their calculation and just assumed you no longer had a premium to pay, which would be pretty stupid as I'm guessing your mortgage requires escrow unless you put 20% down and specifically requested no escrow
 
Flavortown Tebow said:
Yea.

It's unrelated.

Other than both being handled by the same company.
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Escrow reconciliation is handled by different people, their analysis is based on current balances and expected payouts. If the payout didn't occur at time they did their analysis and just assumed they wouldn't payout, they made a mistake

Did they send you updated escrow analysis yet? You'll want to prepare to pay lump sum back

I gave your mortgage creditor too much credit, they should've factored in an insurance payment in their escrow analysis even if they had the wrong information.
 
ill said:
be patient, dick bag!
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Jean Claude Van Damme Ok GIF
 
Kburjr said:
Bottom line is that Flavor is paying his insurance through a 3rd-party arrangement.
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"No! The bottom line is that despite it not being his responsibility and his paying a trained professional to handle these things, he screwed up and deserves what he gets. This would have never happened to me because skippy do dah"

-Fish
 
Kburjr said:
Yes. The escrow fund is nothing more than a specialized savings account. The servicers uses Flavir's savings to pay the insurance. Since they did not make the payment, there was a surplus of Flavir's money sitting there that the bank refunded. Now, they have to collect enough to make that payment.

Bottom line is that Flavor is paying his insurance through a 3rd-party arrangement.
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I'm aware of how escrow and escrow analysis works

high level of incompetence to not factor in insurance payment, especially since mortgage company will force-place insurance if there is no policy in place from owner and they're contractually required to pay it.

I gave lender too much credit based on my experience working in banking, particularly a mortgage company and since source is douche who can't grasp nuances, I jumped to conclusions and sold douche short
 
PeoplesChicken said:
"No! The bottom line is that despite it not being his responsibility and his paying a trained professional to handle these things, he screwed up and deserves what he gets. This would have never happened to me because skippy do dah"

-Fish
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Easy, there, big fella.
 
PnkPanther said:
I'm aware of how escrow and escrow analysis works

high level of incompetence to not factor in insurance payment, especially since mortgage company will force-place insurance if there is no policy in place from owner and they're contractually required to pay it.

I gave lender too much credit based on my experience working in banking, particularly a mortgage company and since source is douche who can't grasp nuances, I jumped to conclusions and sold douche short
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As was I. It is a simple process that becomes over complicated when errors are made. I was just trying to keep it simple.
 


I can't quite decide if this is the funniest shit I have ever seen or most disturbing
 
My wife, every time I tell her it's time to buy a new phone: "Blah blah, don't want to do it now, too much stuff on my phone, want to have a clean transition to new phone, don't want to lose XYZ, etc."

My wife, today when the Maps app crapped out on her phone and my phone was having trouble charging last night: "Since your phone isn't working well, maybe you'll let me buy a new phone. I've been trying to buy one for months."

I know, I know, #getadivorce.
 
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