Posted by Bill K. (AZ) on January 24, 2000 at 16:57:26:
“Running into hard times” is exactly the reason that the bank wants to handle your escrow account. It’s for their protection. When they pay the insurance premium, they are assured that their interest is protected. When they pay the taxes, they don’t get a nasty surprise should they need to foreclose on the property.
Sorry for the bad news.
Bill K. (AZ)