Help NEEDED! REAL ESTATE QUESTION!

**Rome1984** · 02-07-2009, 08:14 PM

Hello everyone, i am noob when it comes to real estate, I have an important question, i just purchased my first home 8 month ago, i have made the downpayment and good monthly payment. My concern is today i have received a check from my mortgage company saying FOR PAYMENT ESCROW which. I have looked online but no success, what i found on the statement is ANNUAL ESCROW ACCOUNT DISCLOSURE which shows me a lower escrow monthly payment. My question is i know that escrow is account that lender uses to cover some charges but why did my lender send me check if they are supposed to keep the money?

Thanks for helping me,

Rome

**jennsellsfast** · 02-08-2009, 05:15 AM

Their could of been a slight overage at closing and you are getting refunded or this could of been a mistake by the mortgage company's escrow dept. I would hold onto the check until you verify it is a refund. I had a cleint recieve 2000 from their escrow account only to find out it was a mistake. She went on a wild shopping spree when she got the check and then had no money to pay her taxes.

Hope that helps! Good luck!