Ugh received my tax bill and it’s $2,000, the ad valorem crap that’s on the invoice, I voted no on before I owned a home. It ticks me off that people don’t educate themselves before voting on things. That’s a different topic.
My insurance renewal came in at about $950, not bad compared to other rates.
Now when I check my escrow account the balance is about $4200, so it’s obvious I’m well over. Now I need your help. Given this years taxes and insurance is about $1200 less than estimated. What should I expect? 1) will I get the money back? 2) Will it rollover to next years and my monthly payments reduce? Or 3) I’ll receive a refund, and payment will still reduce?
Next I have an event tonight, I’m wearing a dress in my closet. My sister calls to tell me she found me a jumpsuit. I tell her I don’t have the money and I’m wearing my dress. She insists on buying and I pay her back. I told her no. What is wrong with people?
Property Taxes, Insurance and Escrow
November 2nd, 2019 at 08:09 pm
November 2nd, 2019 at 09:04 pm 1572728696
November 2nd, 2019 at 09:29 pm 1572730193
November 3rd, 2019 at 02:46 am 1572749164
November 3rd, 2019 at 07:42 am 1572766943
Why did you pay your sister for something you don't want? You're reinforcing her behavior. Instead say "no thanks" and she can return it.
November 3rd, 2019 at 10:50 am 1572778214
@ Jenn, I didn’t pay her. She was insisting on purchasing even though I told her no
November 3rd, 2019 at 02:09 pm 1572790171
November 3rd, 2019 at 03:36 pm 1572795395
I’ll rephrase, the county (people’s vote) raised our taxes by 1% (a total of 3) to pay for services for children, in that the funds aren’t going directly to the schools. The teachers union pushed against it and there’s been known corruption with the TPA, not to mention massive lay offs, and school funded programs through this agency that receive the funding shut down. The organization that runs the program is a TPA, to me it makes sense to provide the funds directly to school board and/or schools. What brothers me is that the people know there is corruption, the money isn’t going to the schools, a local paper conducted an investigation, I too have first hand knowledge and yet, it’s on the ballot, and the people vote overwhelmingly.
Regarding the mortgage, when I don’t understand something I ask questions, that was why I posted here. The goal is to get the information so that I can make an informed decision. To my understanding, I would not have expected the escrow to be $1200 more, $50 yes, but $1200, no. Most people I know who had a mortgage always paid more because the escrow was short, so this was new me. Unfortunately the bank is closed, I’ll call to question, when reviewing my closing documents I didn’t catch anything that spoke of an overage, today I plan on going back and rereading.
I’m actually surprised at your comment, but hey to each it’s own.
So to piggy back on your why do you think people don’t know, I’m familiar with escrow, but I’m not an expert, ignorance comes when one does not try to educate themselves and allow others to inform them. When I post a questions here, I don’t take it as the gospel with out researching and asking questions and doing my due diligence to understand.
Lastly, I’m aware of the escrow analysis, one was not completed, its noted N/A, I’m
assuming because this was a new home purchase and it was based on the closing costs. Now that I have completed a year, I’m assuming analysis will be done, I’ll find out tomorrow for sure.
My point is don’t vote yes because someone tells you to, don’t buy things because someone tells you too, etc etc. Yes we all make mistakes, I’m guilty of doing so, yes we are all not subject matter experts in every subject, there fore ask questions
November 3rd, 2019 at 08:37 pm 1572813449
As for your sister, guess she doesn't get it that you want to keep your spending down and not buy stuff you don't always need. You are right, some don't get it.