The Risks Associated with Unpaid Utility, Fire District and Sewage Bills

Written by Karen Stephens and Jessica Phoonphiphatana

Many escrowed borrowers do not realize that their mortgage company or bank does not escrow for utility and fire district bills. These bills are most commonly collected in the Northeast and are typically to be paid by the homeowner, outside of the escrow funds that are collected. Unfortunately, many bills go unpaid and put both the homeowner and the lender at risk.  READ MORE

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