Sentences with phrase «result of the escrow»

An escrow shortage is the result of the escrow payment not being sufficient to fund your escrow account to cover the actual amount needed to pay your bills.

Each year there may be a change in the amount of your monthly mortgage payment as a result of an Escrow Analysis and / or an Adjustable Rate Mortgage rate change.

Not exact matches

As a result of this reallocation, Biestek had 37,500 Fearnow Escrow Shares, Fernandez had 75,000 Fearnow Escrow Shares and Tilles had 37,500 Fearnow Escrow Shares.

Depending on the phase of your loan, remaining unused funds in escrow may ultimately result in a reduction in loan principal rather than as cash back to the borrower in some form.

We are required under the Real Estate Settlement Procedures Act (RESPA) to disclose to you in an Escrow Account Analysis the results of this review and its effect on your monthly mortgage payment.

I am an Escrow Officer and am familiar with short sales, foreclosures, etc. but what no one could confirm for me... and you did, was the difference in the impact of short sale vs. deed in lieu of and the fact that HR 3648 also applies to debt forgiven as a result of short sale as well as foreclosure.....

Worse still, the faith the businesses repose in lawyer escrow accounts, particularly with Biglaw and Big Deals, may be fatally undermined as a result of this fiasco.

Notwithstanding the foregoing, in the event that the originally scheduled trial date is continued for any reason, and upon motion of any party, the court after hearing shall require the tenant or occupant claiming under this section to deposit with the clerk of the court, the plaintiff's attorney, or other secure depository each month (or at such other intervals as the court deems just) the amounts due for use and occupancy, calculated according to the fair market value of the premises, which amounts shall be held in escrow pending final disposition, unless the court determines that such requirement would result in undue hardship to the tenant or occupant.

Key Highlights: • Efficiently managed team of 8 individuals in the development of escrow capacity for the loan origination software resulting in a 20 % increase in sales.

The concept of adding escrow checking accounts to the credit union's offerings arose from discussions between Edwards, a former NAR president, and David LeCraw, past president of the Georgia State Association of REALTORS ®, who noted that many brokers were being required to maintain large compensating balances in their escrow accounts at traditional banks — and that the resulting fees and charges were a burdensome expense.

A Pennsylvania federal bankruptcy court has considered whether it could release from escrow commissions resulting from the sale of the debtor's property.

Failure to submit an initial or annual escrow statement could result in a civil penalty of $ 75, with a limitation of $ 130,000 on the penalty imposed on one servicer for violations occurring within a consecutive 12 - month period.

Our leadership team is working on state - of - the - art education, coaching, and technology systems to leverage our associates time in maximizing value and results to our customers pre - and post-close of escrow.

In addition to providing consumers with appropriate disclosures, the purposes of RESPA include, but are not limited to, effecting certain changes in the settlement process for residential real estate that will result in (1) the elimination of kickbacks or referral fees that Congress found to increase unnecessarily the costs of certain settlement services; and (2) a reduction in the amounts home buyers are required to place in escrow accounts established to insure the payment of real estate taxes and insurance.

The Bureau does not anticipate additional costs to covered persons as a result of the Post-Consummation Escrow Cancellation Notice and separate Partial Payment Policy disclosure, although, as noted above, covered persons may incur some insignificant recurring costs associated with providing this additional information to consumers once the implementing rules take effect.