Help me please!

[Critter]

An escrow account is, by definition, a hands-off account. It can’t be your own bank account. What would prevent you from grabbing the money?

Nor can it be an account that the landlord could access. The money is safe until a legal entity decides who receives it. Perhaps OC Scam can let us know how his/her escrow account was set up.

As far as “throwing away your money” is the house is foreclosed on in three months… you are paying to have a roof over your head NOW, so this is not a valid issue. The service you are paying for is being provided, therefore, you need to pay the full amount in a timely fashion, and not with caveats on your part.

If it is that uncomfortable for you to be there start researching alternatives. But by all means – the rental agreement you signed is still your responsibility.

All this said, I think you are on the right track by putting your situation on a blog and getting answers from all directions. Your concern is your son – who will probably absorb some valuable life lessons by how this is handled.

[The OC Scam]

The escrow account can be a money market account if you wish but as others implied you can pull money out as you want very freely. My loan officer friend agreed to put the money into a escrow account for us with the intent to hold until the foreclosure was over I sent the rent to the loan officer every month. When the process was over I took out some money to start a new lease, pay first months rent and the rest of the money had been sitting in the account with some going to Lawyer fees.

Marion you do not want to be in the middle anymore find another home. I have three kids and I know it is very difficult however children will grow and adapt. My parents moved many times when I was growing up and none of my siblings turned out to bad except me! Your parenting is what matters here not changing homes. Good Luck I wish you guys the best in finding a new home!

[The OC Scam]

The escrow account can be a money market account if you wish but as others implied you can pull money out as you want very freely. My loan officer friend agreed to put the money into a escrow account for us with the intent to hold until the foreclosure was over I sent the rent to the loan officer every month. When the process was over I took out some money to start a new lease, pay first months rent and the rest of the money had been sitting in the account with some going to Lawyer fees.

Marion you do not want to be in the middle anymore find another home. I have three kids and I know it is very difficult however children will grow and adapt. My parents moved many times when I was growing up and none of my siblings turned out to bad except me! Your parenting is what matters here not changing homes. Good Luck I wish you guys the best in finding a new home!

[The OC Scam]

The escrow account can be a money market account if you wish but as others implied you can pull money out as you want very freely. My loan officer friend agreed to put the money into a escrow account for us with the intent to hold until the foreclosure was over I sent the rent to the loan officer every month. When the process was over I took out some money to start a new lease, pay first months rent and the rest of the money had been sitting in the account with some going to Lawyer fees.

Marion you do not want to be in the middle anymore find another home. I have three kids and I know it is very difficult however children will grow and adapt. My parents moved many times when I was growing up and none of my siblings turned out to bad except me! Your parenting is what matters here not changing homes. Good Luck I wish you guys the best in finding a new home!

[The OC Scam]

The escrow account can be a money market account if you wish but as others implied you can pull money out as you want very freely. My loan officer friend agreed to put the money into a escrow account for us with the intent to hold until the foreclosure was over I sent the rent to the loan officer every month. When the process was over I took out some money to start a new lease, pay first months rent and the rest of the money had been sitting in the account with some going to Lawyer fees.

Marion you do not want to be in the middle anymore find another home. I have three kids and I know it is very difficult however children will grow and adapt. My parents moved many times when I was growing up and none of my siblings turned out to bad except me! Your parenting is what matters here not changing homes. Good Luck I wish you guys the best in finding a new home!

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