The Taylor Bean and Whitaker Meltdown in a Nutshell

September 21st, 2009

One of my clients and good friends sent me a link to an article that sums up the debacle pretty well.

It sounds like most clients now know where to send their payments. There has been some issues related to escrow accounts not paying taxes or insurance. There have also been issues where borrowers received escrow refunds from overpaid escrow accounts and having their checks bounce! That was news to me.

Here’s a link to that article

http://www.keaneloans.com/2009/09/02/taylor-bean-files-for-bankruptcy-colonial-banks-assets-are-seized/

http://www.keaneloans.com/2009/09/01/no-solid-answers-on-taylor-bean-and-whitaker-yet/

http://www.keaneloans.com/2009/08/19/where-do-i-send-my-taylor-bean-payments-to/