Case 16-32280-KRH Doc Filed 12/07/20 Entered 12/07/20 12:55:21 Desc Main

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Case 16-32280-KRH Doc Filed 12/07/20 Entered 12/07/20 12:55:21 Desc Main

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314 S. Franklin Street, 2nd Floor 

P.O. Box 517 

Titusville, PA 16354 

1-800-327-7861 

https://myloanweb.com/BSI 

PROPERTY ADDRESS

21 SKIPWITH GREEN CIR

RICHMOND, VA 23294

SHEILA SPENCER

CARL SPENCER

21 SKIPWITH GREEN CI

HENRICO, VA 23294

 45

DATE: 11/23/20

ACCOUNT NUMBER:

Annual Escrow Account

Disclosure Statement

PLEASE REVIEW THIS STATEMENT CLOSELY - YOUR MORTGAGE PAYMENT MAY BE AFFECTED. THIS STATEMENT TELLS

YOU OF ANY CHANGES IN YOUR MORTGAGE PAYMENT, ANY SURPLUS REFUNDS, OR ANY SHORTAGE YOU MUST PAY.

IT ALSO SHOWS YOU THE ANTICIPATED ESCROW ACTIVITY FOR YOUR ESCROW CYCLE BEGINNING 01/01/2021

THROUGH 12/31/2021.

 -------- ANTICIPATED PAYMENTS FROM ESCROW 01/01/2021 TO 12/31/2021 ---------

COUNTY TAX $1,780.90

TOTAL PAYMENTS FROM ESCROW $1,780.90

MONTHLY PAYMENT TO ESCROW $148.40

 ------ ANTICIPATED ESCROW ACTIVITY 01/01/2021 TO 12/31/2021 ---------

 ANTICIPATED PAYMENTS ESCROW BALANCE COMPARISON

MONTH TO ESCROW FROM ESCROW DESCRIPTION ANTICIPATED REQUIRED

 STARTING BALANCE --> $40.90- $296.90

JAN $148.40 $107.50 $445.30

FEB $148.40 $255.90 $593.70

MAR $148.40 $404.30 $742.10

APR $148.40 $552.70 $890.50

MAY $148.40 $701.10 $1,038.90

JUN $148.40 $890.45 COUNTY TAX $40.95- $296.85

JUL $148.40 $107.45 $445.25

AUG $148.40 $255.85 $593.65

SEP $148.40 $404.25 $742.05

OCT $148.40 $552.65 $890.45

NOV $148.40 $701.05 $1,038.85

DEC $148.40 $890.45 COUNTY TAX L1-> $41.00- L2-> $296.80

 --------- DETERMINING THE SUFFICIENCY OF YOUR ESCROW BALANCE --------

IF THE ANTICIPATED LOW POINT BALANCE (L1) IS LESS THAN THE REQUIRED BALANCE (L2), THEN YOU HAVE AN

ESCROW SHORTAGE. YOUR ESCROW SHORTAGE IS $337.80.

 CALCULATION OF YOUR NEW PAYMENT 

PRIN & INTEREST $1,372.55

ESCROW PAYMENT $148.40

SHORTAGE PYMT $28.15

NEW PAYMENT EFFECTIVE 01/01/2021 $1,549.10

YOUR ESCROW CUSHION FOR THIS CYCLE IS $296.80.

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Escrow Payment Options

I understand that my taxes and/or insurance has increased and that

my escrow account is short $337.80. I have enclosed a check for:

Option 1: $337.80, the total shortage amount. I understand

that if this is received by 01/01/2021 my monthly mortgage

payment will be $1,520.95 starting 01/01/2021. 

Option 2: $_____________ , part of the shortage. I understand

that the rest of the shortage will be divided evenly and added

to my mortgage payment each month. 

Option 3: You do not need to do anything if you want to

have all of your shortage divided evenly among the next

12 months. 

Please make your check payable to: BSI FINANCIAL SERVICES and

please include your loan number on your check.

Important: Please return this coupon with your check.

BSI FINANCIAL SERVICES 

314 S. Franklin Street, 2nd Floor 

P.O. Box 517 

Titusville, PA 16354 

 

Loan Number:

Statement Date:

Escrow Shortage:

11/23/20

 $337.80

********** Continued on reverse side ************

004 1461479603_ESCROWDISCSTMT_201123 

Case 16-32280-KRH Doc Filed 12/07/20 Entered 12/07/20 12:55:21 Desc Main

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 ACCOUNT HISTORY

THIS HISTORY STATEMENT COMPARES YOUR PRIOR ANALYSIS CYCLE PROJECTED ESCROW ACTIVITY TO THE ACTUAL

ESCROW ACTIVITY BEGINNING 11/01/2020 AND ENDING 10/31/2021. IF YOUR LOAN WAS PAID-OFF, ASSUMED OR

TRANSFERRED DURING THIS PRIOR CYCLE, OR THE COMPUTATION YEAR IS BEGING CHANGED, ACTUAL ACTIVITY STOPS AT

THAT POINT. THIS STATEMENT IS INFORMATION ONLY AND REQUIRES NO ACTION ON YOUR PART.

YOUR PAYMENT BREAKDOWN AS OF 11/01/2020 IS:

PRIN & INTEREST $1,372.55

ESCROW PAYMENT $144.05

SHORTAGE PYMT $30.29

BORROWER PAYMENT $1,546.89

 PAYMENTS TO ESCROW PAYMENTS FROM ESCROW ESCROW BALANCE

MONTH PRIOR PROJECTED ACTUAL PRIOR PROJECTED ACTUAL DESCRIPTION PRIOR PROJECTED ACTUAL

 STARTING BALANCE $864.40 $1,123.27-

NOV $144.05 $0.00 $890.45 * COUNTY TAX $1,008.45 A-> $2,013.72-

DEC $144.05 $0.00 $838.25 COUNTY TAX $314.25 $2,013.72-

JAN $144.05 $0.00 $458.30 $2,013.72-

FEB $144.05 $0.00 $602.35 $2,013.72-

MAR $144.05 $0.00 $746.40 $2,013.72-

APR $144.05 $0.00 $890.45 $2,013.72-

MAY $144.05 $0.00 $1,034.50 $2,013.72-

JUN $144.05 $0.00 $890.45 COUNTY TAX T-> $288.10 $2,013.72-

JUL $144.05 $0.00 $432.15 $2,013.72-

AUG $144.05 $0.00 $576.20 $2,013.72-

SEP $144.05 $0.00 $720.25 $2,013.72-

OCT $144.05 $0.00 $864.30 $2,013.72- __________ __________ __________ __________

 $1,728.60 $0.00 $1,728.70 $890.45

UNDER FEDERAL LAW, WHEN YOUR ACTUAL ESCROW BALANCE REACHED THE LOWEST POINT, THAT BALANCE WAS

TARGETED NOT TO EXCEED 1/6TH OF THE ANNUAL PROJECTED DISBURSEMENTS. YOUR LOAN DOCUMENTS OR STATE

LAW MAY SPECIFY THAT YOUR LOWEST BALANCE MUST BE A LOWER AMOUNT THAN THE FEDERAL LAW ALLOWS.

UNDER YOUR MORTGAGE CONTRACT OR STATE OR FEDERAL LAW, YOUR TARGETED LOW POINT BALANCE (T) WAS

$288.10. YOUR ACTUAL LOW POINT ESCROW BALANCE (A) WAS $2,013.72-.

BY COMPARING THE ANTICIPATED ESCROW TRANSACTIONS WITH THE ACTUAL TRANSACTIONS YOU CAN DETERMINE

WHERE A DIFFERENCE MAY HAVE OCCURRED. AN ASTERISK (*) INDICATES A DIFFERENCE IN EITHER THE AMOUNT OR

DATE OF THE PROJECTED ACTIVITY THAT HAS NOT YET OCCURRED DUE TO THE DATE OF THIS STATEMENT. 

IF THERE ARE NO PRIOR PAYMENTS TO OR FROM ESCROW SHOWN, THERE WAS NO PRIOR PROJECTION TO WHICH THE

ACTUAL ACTIVITY COULD BE COMPARED. 

Determining your Shortage or Surplus

Shortage:

Any shortage in your escrow account is usually caused by one the following items: An increase, if any, in what was paid for insurance and/or taxes from your escrow account.

A projected increase in taxes for the upcoming year.

The number of months elapsed from the time of these disbursements to the new payment effective date.

Shortages are divided evenly of the next twelve months. To reduce the increase in your monthly payment, the

shortage can be paid either partially or in full.

Surplus:

A surplus in your escrow account is usually caused by one the following items: The insurance/taxes paid during the past year were lower than projected.

A refund was received from the taxing authority or insurance carrier.

Additional funds were applied to your escrow account.

If your surplus is $50.00 or greater and your loan was contractually current at the time when the analysis was

run or calculated, a check will be sent to you. If your surplus is less than $50.00, the funds will be retained in

your escrow account. 

...

...

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********** Continued from front **********

Licensed as Servis One, Inc. dba BSI Financial Services BSI Financial Services BSI NMLS# 38078.

Customer Care Hours: Mon. - Fri. 8:00 am to 11:00 pm (ET) and Sat. 8:00 am to 12:00 pm (ET).

If you have filed a bankruptcy petition and there is an "automatic stay" in effect in your bankruptcy case or you have received a discharge of your personal liability for the obligation identified in this letter, we may

not and do not intend to pursue collection of that obligation from you personally. If either of these circumstances apply, this notice is not and should not be construed to be a demand for payment from you

personally. Unless the Bankruptcy Court has ordered otherwise, please also note that despite any such bankruptcy filing, whatever rights we hold in the property that secures the obligation remain unimpaired.

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UNITED STATES BANKRUPTCY COURT 

EASTERN DISTRICT OF VIRGINIA 

RICHMOND DIVISION 

In Re: Case No. 16-32280-KRH

Carl Mason Spencer 

Sheila Ann W. Spencer Chapter 13 

Debtors. Judge Kevin R. Huennekens

CERTIFICATE OF SERVICE 

I certify that on December 7, 2020, a copy of the foregoing Notice of Mortgage Payment Change

 was filed electronically. Notice of this filing will be sent to the following party/parties through 

the Court’s ECF System. Party/Parties may access this filing through the Court’s system: 

Laura Taylor Alridge, Debtors’ Counsel 

ecf@bolemanlaw.com 

Veronica D. Brown-Moseley, Debtors’ Counsel 

ecf@bolemanlaw.com 

Christopher John Flynn, Debtors’ Counsel 

ecf@bolemanlaw.com 

Patrick Thomas Keith, Debtors’ Counsel 

ecf@bolemanlaw.com 

Amanda DeBerry Koehn, Debtors’ Counsel 

ecf@bolemanlaw.com 

Stephen F. Relyea, Debtors’ Counsel 

ecf@bolemanlaw.com 

Carl M. Bates, Chapter 13 Trustee 

station01@richchap13.com 

Office of the United States Trustee 

(registeredaddress)@usdoj.gov 

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Carl Mason Spencer, Debtor 

21 Skipwith Green Circle 

Henrico, VA 23294 

Sheila Ann W. Spencer, Debtor 

21 Skipwith Green Circle 

Henrico, VA 23294 

Authorized Agent for Creditor 

Sottile & Barile, LLC 

394 Wards Corner Road, Suite 180 

Loveland, OH 45140 

Phone: 513.444.4100 

Email: bankruptcy@sottileandbarile.com

I further certify that on December 7, 2020, a copy of the foregoing Notice of Mortgage Payment

 Change was mailed by first-class U.S. Mail, postage prepaid and properly addressed to the 

following: 

Dated: December 7, 2020 /s/ D. Anthony Sottile 

 D. Anthony Sottile 

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