Servicers are creating the illusion of defaults by manipulating the escrow accounts even when no escrow account exists. So even where there is no agreement for the “lender” to maintain an escrow account, they will create one anyway and engineer circumstances to make it seem like a default occurred not just in the “escrow account” […]

Tags: Engineered Default, escrow, forced placed insurance, interest, Manipulation of Escrow, PITI, principal, taxes
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