Escrow Company Probed For Missing MoneyApril 1st, 2009 at 6:29 pm by Kennan Oliphant under Business, Turn to 2
If you’re a homeowner, you’re proud of the roof you have over your head. You’ve saved the money, signed the paperwork and the keys are yours! Well, how many of you escrow? It’s a simple thing to do if you want a third party company to pay your property taxes and/or your homeowners insurance every month. You pay into it and they’re suppose to take care of the rest. American Escrow LLC. out of Chicago apparently took care of the rest and then some. They’re accused of stealing the homeowners money. The Illinois Attorney General is investigating the matter. Personally, I don’t escrow because of this reason. I keep my money in a place where I get a pretty good interest rate. Then in the summer and winter, I take the money I’ve been saving to pay the county treasurer. Now, you have to be focused and disciplined to do this or you’ll get in some trouble down the road. What do you do? Love to get your thoughts on the issue. By the way, read or watch the story of this Clark County man right now on the Turn To 2 tab!