09-16-2008, 12:37 PM
... which may happen before too much longer, per the rumor mill, I have a question.
WaMu has my mortgage, which includes a standard escrow account for taxes and insurance. They haven't paid the county or state taxes for this year yet, but they're due pretty soon now (I got my copies of the tax bills within the last three weeks).
Obviously, my mortgage isn't going to be wiped off the books if they go broke (too bad there isn't a reward for not being a deadbeat), it'll be sold to somebody else. Should I be worried that "somebody else" will miss the tax payment deadline in the ensuing thrash?
WaMu has my mortgage, which includes a standard escrow account for taxes and insurance. They haven't paid the county or state taxes for this year yet, but they're due pretty soon now (I got my copies of the tax bills within the last three weeks).
Obviously, my mortgage isn't going to be wiped off the books if they go broke (too bad there isn't a reward for not being a deadbeat), it'll be sold to somebody else. Should I be worried that "somebody else" will miss the tax payment deadline in the ensuing thrash?