with bad credit and currently in bankruptcy
2006-10-26 16:34:39 · 3 answers · asked by kasper 1 in Business & Finance ➔ Credit
I'm not sure what you are asking. Escrow is typically the "impounds" or funds that a mortgage company takes from you monthly (or that you pay as part of your payment) for your taxes and insurance (or one or the other, depending upon how you set it up). If you are currently in bankruptcy, but making your house payments (and escrow), the lender keeps that to pay those bills. However, if you want to stop making escrow payments and pay those bills directly, it depends upon policy/underwriting rules of your lender. You have to review your docs/call your lender. Now, if you refinance that loan, which is going to be difficult in BK, you can usually get out of having to set up escrow deposits/payments but you still have to pay your insurance and taxes. (Is this what you are asking? If not, please modify your question.)
2006-10-26 16:43:22 · answer #1 · answered by MJ 4 · 0⤊ 0⤋
Not a chance.
2006-10-26 23:35:54 · answer #2 · answered by Diamond in the Rough 6 · 0⤊ 0⤋
NOPE---TUBED....
2006-10-26 23:37:04 · answer #3 · answered by cork 7 · 0⤊ 0⤋