Is your mortgage company collecting the correct amount of taxes if you have an “Over 65” or “Disabled” Homestead Exemptions in Texas?

02 Jan Is your mortgage company collecting the correct amount of taxes if you have an “Over 65” or “Disabled” Homestead Exemptions in Texas?

With the start of a new year, it is a good time to verify how much money your mortgage lender paid to the (property) taxing authorities – especially if you are claiming an “Over 65” and/or “Disabled” homestead exemption in Texas.

Often times I discover a mortgage company pays more taxes to the taxing authorities than they should because they have not adjusted their records to account for these exemptions over and beyond your normal homestead exemption. In turn, the next time your lender prepares the escrow analysis, you could find your self paying more than you should. This is especially true if you have recently turned 65 or have recently received a “disabled” exemption.

Related Posts Plugin for WordPress, Blogger...
The following two tabs change content below.
Jay S. Fleischman is a bankruptcy lawyer with offices in Los Angeles and New York. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.
No Comments

Sorry, the comment form is closed at this time.