escrow

Nine months later, Santiago’s loan servicer told him that his escrow account had a negative balance of about $4,400 due to an unpaid property-tax bill of $5,700, the lawsuit said.

They used crowdfunding and took out a second mortgage on their home to scrape together $100,000 to pay for the procedure, setting $55,000 aside in what they thought was a safe escrow account.

But so, too, do signs that read “for sale” or “in escrow.”

He refers to everything from escrow companies to office management to carpet-cleaning services.

The letter questioned why LA28 isn’t paying the city up front for costs, using money in escrow, and asked if LA28 has provided the city with a budget for security, transit and sanitation.