Remember that whole Taylor, Bean & Whitaker mess? It’s been on my mind since it happened, I think in part because I have friends whose mortgage is with TBW. And one of the questions they asked was “where do I pay my mortgage?“ Word to the wise … keep paying. They’ll tell you where to send your next payment.
But what hypocrisy, because as homeowners are making their payments to Taylor, Bean & Whitaker, it’s highly probable that the company is not making the necessary payments to the municipalities and insurance companies on behalf of those same borrowers. I dug around a bit today and am starting to hear that that in fact is the case – more and more companies are probably going to begin reporting that escrow payments from TBW are not being made.