I've just spoken to a Countrywide rep, it sounds like they just don't escrow homeowner associates.
HOWEVER, talking to the homeowners association rep they indicated that there is a way to do it (they didn't know how) because some people did have their associations escrowed through Countrywide.
Any suggestions of how to get this done?
Thanks.
2007-02-15 04:42:41 · 6 answers · asked by Rob 5 in Business & Finance ➔ Renting & Real Estate
Do this, find out how much your homeowner's associations is per year and then open up a Christmas savings account or similar account at the bank.
Deposit an amount that would cover your dues at the end of the year.
This way, you get to keep the interest and have control over your finances. You don't have to wait for Countrywide to do it for you.
Be Proactive!!
El
2007-02-15 05:01:18 · answer #1 · answered by El_Nimo 3 · 2⤊ 0⤋
Call another person at Countrywide and tell them that you want to escrow 12 total months and pay in one lump sum once a year. That should work.
They can do it.
2007-02-15 04:46:27 · answer #2 · answered by Santa Barbara 7 · 1⤊ 0⤋
Why in the world would you want to escrow your association fee? Get use to paying the fee at least yearly or quarterly as long as you own the home. Don't depend on someone else to deal with this bill or don't buy a home with an association fee!
2007-02-15 04:51:11 · answer #3 · answered by banananose_89117 7 · 0⤊ 3⤋
i am not sure how to do this however i want you to know that when i had my mortgage with Countrywide an employee took my information which resulted in identity theft, please be careful
2007-02-15 04:47:00 · answer #4 · answered by kat 6 · 1⤊ 0⤋
Cant those go up or down? I don't know how you could considering they change year to year? Personally, I would never live in a HOA community. Biggest rip off around...
2007-02-15 04:46:32 · answer #5 · answered by Johnny A 5 · 2⤊ 2⤋
Talk to a mortgage broker to see if they know how to do it.
2007-02-15 04:45:38 · answer #6 · answered by Jo 6 · 1⤊ 0⤋