Mortgage Escrow Account Rules Could Mean Borrowers Are Owed Interest

Mortgage Escrow Account Rules Could Mean Borrowers Are Owed Interest

A new class action lawsuit filed in U.S. District Court for the Eastern District of New York on Aug. 7, 2018 alleges that Bank of America routinely ignores mortgage escrow account rules. Plaintiff Alex C. is a citizen of New York State and a resident of Queens Village. He is seeking to hold the financial giant accountable for their alleged failure to pay interest on escrow accounts that are often a condition of receiving financing for a...

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