How do I make an escrow company pay property taxes if they refuse to disburse funds from my escrow account?

Real Estate Law

Liz

45,212 satisfied customers

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Let's go through some steps to help you address this issue:

1. Review Your Escrow Agreement
Start by carefully reviewing your escrow agreement to understand the terms regarding property tax payments. Look for any clauses that specify the responsibilities of the escrow company. If you don't have a copy, request one from your lender or escrow company.

2. Gather Documentation
Collect any correspondence you've had with the escrow company regarding the property tax payments. This includes emails, letters, or notes from phone calls. Having a record of your communications can be helpful if you need to escalate the issue.

3. Contact the Escrow Company
Reach out to the escrow company again, referencing the specific terms in your agreement. Ask for a detailed explanation of why they are refusing to pay the property taxes. Make sure to document this conversation.

4. Consult with a Real Estate Attorney
If the escrow company continues to refuse payment, it may be time to consult with a real estate attorney. They can provide legal advice specific to your situation and help you understand your rights and options.

5. Consider Filing a Complaint
If the issue remains unresolved, you might consider filing a complaint with the Consumer Financial Protection Bureau (CFPB) or your state's regulatory agency that oversees escrow companies. They can investigate the matter further.

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Our escrow is refusing to pay our property taxes for the second time. How should we proceed?

Lexi, Chatbot

I understand how frustrating it can be when escrow issues arise, especially regarding property taxes. Have you already communicated with your escrow company about the reasons for their refusal?

Yes.

Lexi, Chatbot

What specific terms or agreements were outlined in your escrow contract regarding the payment of property taxes?

I don't know.

Lexi, Chatbot

Is there anything else the Real Estate Lawyer should know before I connect you? Rest assured they'll be able to help with your escrow issues.

No.

Liz

Hi there! Welcome. My name is Liz, and I’ve been an attorney for more than a decade, and I am here to assist with your legal concerns. Just so you are aware, our service is a legal information-only site. No attorney-client relationship is formed from our conversation.

Liz

I'm sorry to hear about the trouble you're having with your escrow company.

Liz

Let's go through some steps to help you address this issue:

Liz

45,212 satisfied customers

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