I’ve received several calls from clients over the past couple of months. In each case, they’d received a notice from their mortgage company notifying them their mortgage payment was changing due to a deficit in their escrow account. They had the option of paying the escrow shortage or it could be factored into their already increased monthly home mortgage payment. The same thing happened to Sheri and me.
I’ve received calls from two different clients over the past two weeks. Each was about the same thing; they’d received a notice from their mortgage company notifying them of a deficit in their escrow account. They had the option of paying the escrow shortage or it could be factored into their already increased monthly home mortgage payment. Sheri and I also received the same notice a few weeks earlier.
?On July 28th The Dallas Morning News reported Farmers Insurance was seeking to raise home insurance rates an average of 15% statewide. This was Farmers second increase for 2012. The first homeowners increase was announced on March 16 and was an average of 10%. If the Texas Department of Insurance accepts the second increase, the combined average increase will be 25%.
Does it feel like your home insurance rates keep going up and up and up? If so, you’re not imagining it! Texas has the highest
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