Thread: Bankruptcy
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Old 09-16-2009, 10:32 AM
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Duchess Duchess is offline
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Join Date: Feb 2007
Location: Chattanooga, TN
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Question if anyone knows this...when filing a Chapter 7, what happens to the escrow account balance in the home loan? Do the lenders get to keep it? Or does it come back to the borrower?

We have close to $1000 in our escrow account to pay for future property taxes and homeowner's insurance which we will not need now. Moneys that were paid by us. I am just curious as to whether we will get that back, or if the lender has a right to keep it for us filing bankruptcy on him or something? I hope I am phrasing my question right...

Thanks
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