The payments I made on a home I owned in the 80’s and 90’s went through escrow. Yeah, they overcharged taxes when they went up. I make the payments on the home I bought in Kentucky directly to the bank. There is no escrow. I pay my own taxes and homeowners insurance.
It keeps it simple.
There just is no simple way to keep the banks from failing or defraunding you.
I had an issue once where my health insurance was cancelled because Blue Cross posted both my wife and my payments to her accout.
Thereby creating a huge windfall of overpayments for Blue Cross to use.
Repeated telephone efforts to get it staightened out were repeatedly met met with assurances from Blue Cross service representatives that the the payments had been reposted, all was fine, you worry too much, trust us, blah blah blah.
Naturally we did not record these calls, but you know Blue Cross possibly did.
When I went to the hospital however the hospital was informed by Blue Cross that my insurance had lapsed for non payment many months previously.
As Blue Cross now found themselves exposed to a lawsuit they simply denied everything, all the calls etc and claimed that both the payments had been properly posted to my wifes account at our instructions. The payments were made individually every moth using US Banks bill pay system, BUT according to US Bank we were responsibleto make actual hard copy captures of each computer transaction.
US Bank refused to provide us with any records showing these tranactions, only that X $ went to Blue Cross on X day.
I am personally satisfied that even had we made and saved copies of each transaction at the instant it was done, Blue Cross would have stonewalled because they evidently have no real legal oversight.
I am also personally satisfied that US Bank could and would have provided Blue Cross with the evidence they denied me had it been in Blue Crooes interest.
You can’t keep it simple enough to protect yourself from these industries.
They are essentially criminal enterprises.
How Y’all liken Kentucky so far?