What Homeowners Must Know About Mortgage Servicing Fraud
What Homeowners Must Know About Mortgage Servicing Fraud
As a homeowner, it is your duty to know what is going on, in your home mortgage. Mortgage servicing typically includes, but is not limited to, billing the borrower; collecting principal, interest, and escrow payments; management of escrow accounts; disbursing funds from the escrow account to pay taxes and insurance premiums; and forwarding funds to an owner or investor (if the loan has been sold…
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