Comments on: Can mortgage lender take it upon themselves to pay your property taxes? http://myloansresources.com/can-mortgage-lender-take-it-upon-themselves-to-pay-your-property-taxes/ Give You All Information About Loans. Tips and Tricks. How, Where and When You Can Get The Best Loans. Bookmark This Site To Get The Update Information. Tue, 16 Mar 2010 08:51:37 -0500 http://wordpress.org/?v=2.8 hourly 1 By: loanmasterone http://myloansresources.com/can-mortgage-lender-take-it-upon-themselves-to-pay-your-property-taxes/comment-page-1/#comment-3195 loanmasterone Fri, 27 Nov 2009 12:39:40 +0000 #comment-3195 If you do not have an escrow account set up with your lender where the lender require that you pay either your taxes or insurance or both where they pay them on your behalf then failure on your part to make the insurance or tax payments when each are due the lender will then pay them on your behalf thus requiring you to pay them. Once they pay one or both the insurance and taxes they could require you to pay the outstanding taxes they have paid for you as well as require you to pay in advance thus setting up an escrow account for future payments. By paying them on your behalf they are preventing delinquent tax fees that might add up in the event you fail to make your monthly mortgage payment and foreclosure procedures have to be taken against you. I hope this has been of some benefit to you, good luck. "FIGHT ON" If you do not have an escrow account set up with your lender where the lender require that you pay either your taxes or insurance or both where they pay them on your behalf then failure on your part to make the insurance or tax payments when each are due the lender will then pay them on your behalf thus requiring you to pay them.

Once they pay one or both the insurance and taxes they could require you to pay the outstanding taxes they have paid for you as well as require you to pay in advance thus setting up an escrow account for future payments.

By paying them on your behalf they are preventing delinquent tax fees that might add up in the event you fail to make your monthly mortgage payment and foreclosure procedures have to be taken against you.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

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