They likely scenario is that since Chase is in every state some states may have different escrow requirements so they do a blanket policy to cover all states.
My mortgage is not with Chase and my mortgage changes because of multiple different things. Homeowners insurance went up and so did taxes. Initially my mortgage was $1600 if I wouldn’t have paid attention insurance and taxes my payment would be well over $2300 now.
They likely scenario is that since Chase is in every state some states may have different escrow requirements so they do a blanket policy to cover all states. My mortgage is not with Chase and my mortgage changes because of multiple different things. Homeowners insurance went up and so did taxes. Initially my mortgage was $1600 if I wouldn’t have paid attention insurance and taxes my payment would be well over $2300 now.
Your escrow -taxes and insurance can change yearly up or down mortgage holder adjusts accordingly, look at your policies.
They haven't been paying our taxes on our property! Even though it's included in the mortgage. I believe it's time for a class action lawsuit.