Hi,
I'm really tired of having to deal with the escrow analysis process on my mortgage. They consistently over estimate how much I need. I also want to remove it because I want to structure my tax payments to do two tax payments in one year, then none the next, to alternate claiming standard or itemized deductions after I get married.
Anyway, they recently denied my request to remove Escrow because my LTV was .9, based on the original purchase price. The property has gone up in value a lot since I bought it. I need to establish a value over $228,000 when it's really worth about 290,000. My county tax 'market value' is listed at 269,000.
Would they accept that as proof of value? Or will I need to pay $400 for an appraisal from an independent source?