CassieNet News :: Thinking of getting a mortgage

Thinking of getting a mortgage :: RE: Hazard Insurance

Author: caron
Posted: Fri Aug 19, 2005 5:56 am (GMT 0)
Topic Replies: 2

Hi Robert

Welcome to MortgageFit forum.

If you have not delayed your mortgage payments by more than 30 days, then according to Section 6 of RESPA the lender should make the payments for taxes and insurance within the specified time.

What I would suggest is that you contact your lender and ask him the reason of such delay. But in case the lender does not give proper explanation, then I would advise that you file a complaint with the Department of Housing and Urban Development or the Consumer Protection office of your State Attorney General's office. It is better that you approach a legal advisor for further course of action.

Hope we have been able to guide you.

Please feel free to give us your feedback.

Regards,
Caron

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