Can I withhold monthly payments until repairs are completed on my home? Posted on June 09, 2011
My house was damage in tornado. Insurance made check payable to me and mortgage lender. Mortgage lender wants to escrow funds and control/monitor repairs. Can I withhold monthly payments to lender until repairs are completed? I played my own insurance and taxes no escrow for 11 years never late and feel that I am unable to get repairs done because I cannot get funds necessary to start work with contractor.
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