How can the bank mess up on paying your property tax with the mortgage?

Property taxes included in mortgage payments should be a simple thing. How would 2 payments be taken out in the same year and the bank not catch it for 2 years! This leaves a person in a financial twist, because you as the consumer, I understand have to fix the error(paying the deficit %26amp; balance to date).How can the bank mess up on paying your property tax with the mortgage?
Another problem is that often the banks underestimate what your property taxes will be for the current year, and therefore don't take enough out to make the account balance at the end of the year. You end up in a shortfall, and then when they adjust again for the next year, it just snowballs.





Best advice... get out of that as soon as you can and start paying the property taxes yourself.





Banks don't reconcile your accounts. It is still up to you to keep an eye on things.How can the bank mess up on paying your property tax with the mortgage?
';Property taxes included in mortgage payments should be a simple thing.';





Yes it should. YOU missed it for 2 years as well.

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