Case 19-50186-SCS Doc Filed 12/07/20 Entered 12/07/20 12:29:27 Desc Main

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Case 19-50186-SCS Doc Filed 12/07/20 Entered 12/07/20 12:29:27 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

104 MADRID DR

HAMPTON, VA 23669

GLENN T ALLEN

DONNA ALLEN

104 MADRID DR

HAMPTON, VA 23669

 9

DATE: 11/18/20

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 ---------

HOMEOWNERS F/P $327.81

CITY $1,997.64

MISCELLANEOUS T $111.96

TOTAL PAYMENTS FROM ESCROW $2,437.41

MONTHLY PAYMENT TO ESCROW $203.11

 ------ 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 --> $2,341.24 $561.59

JAN $203.11 $2,544.35 $764.70

FEB $203.11 $327.81 HOMEOWNERS F/P $2,419.65 $640.00

MAR $203.11 $2,622.76 $843.11

APR $203.11 $2,825.87 $1,046.22

MAY $203.11 $3,028.98 $1,249.33

JUN $203.11 $993.24 CITY $2,238.85 $459.20

 $52.98 MISCELLANEOUS T L1-> $2,185.87 L2-> $406.22

JUL $203.11 $2,388.98 $609.33

AUG $203.11 $2,592.09 $812.44

SEP $203.11 $2,795.20 $1,015.55

OCT $203.11 $2,998.31 $1,218.66

NOV $203.11 $3,201.42 $1,421.77

DEC $203.11 $1,004.40 CITY $2,400.13 $620.48

 $58.98 MISCELLANEOUS T $2,341.15 $561.50

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

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

ESCROW SURPLUS. YOUR ESCROW SURPLUS IS $1,779.65.

 CALCULATION OF YOUR NEW PAYMENT 

PRIN & INTEREST $521.19

ESCROW PAYMENT $203.11

NEW PAYMENT EFFECTIVE 01/01/2021 $724.30

YOUR ESCROW CUSHION FOR THIS CYCLE IS $406.22.

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Our records indicate that you have filed for Bankruptcy protection. As a result of your

Bankruptcy filing, escrow account deficiencies prior to your filing date have been removed

from calculation of your analysis, and they are now reflected as amounts due within your

pre-petition arrearage. This Escrow Analysis Statement was prepared under the

assumption that all escrow payments have been made in the amount required each

month. The surplus funds indicated above are not an accurate reflection of your escrow

account because no surplus funds will exist until all amounts are received towards your

pre-petition arrearage. 

011 1470925395_ESCROWDISCSTMT_201118 

Case 19-50186-SCS Doc Filed 12/07/20 Entered 12/07/20 12:29:27 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 03/01/2020 AND ENDING 02/28/2021. 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 03/01/2020 IS:

PRIN & INTEREST $521.19

ESCROW PAYMENT $201.07

BORROWER PAYMENT $722.26

 PAYMENTS TO ESCROW PAYMENTS FROM ESCROW ESCROW BALANCE

MONTH PRIOR PROJECTED ACTUAL PRIOR PROJECTED ACTUAL DESCRIPTION PRIOR PROJECTED ACTUAL

 STARTING BALANCE $640.56 $9,918.68-

MAR $201.07 $265.49 * $841.63 $9,653.19-

APR $201.07 $796.47 * $993.24 * CITY $1,042.70 A-> $9,902.94-

APR $52.98 TAXES

MAY $201.07 $530.98 * $1,243.77 $9,371.96-

JUN $201.07 $530.98 * $995.72 CITY T-> $402.14 $8,840.98-

JUN $46.98 MISCELLANEOUS T

JUL $201.07 $530.98 * $603.21 $8,310.00-

AUG $201.07 $530.98 * $804.28 $7,779.02-

SEP $201.07 $530.98 * $1,005.35 $7,248.04-

OCT $201.07 $530.98 * $1,206.42 $6,717.06-

NOV $201.07 $530.98 * $1,004.40 * CITY $1,407.49 $7,249.46-

NOV $58.98 TAXES

DEC $201.07 $0.00 $993.24 CITY $562.34 $7,249.46-

DEC $52.98 MISCELLANEOUS T

JAN $201.07 $0.00 $763.41 $7,249.46-

FEB $201.07 $0.00 $324.02 HOMEOWNERS F/P $640.46 $7,249.46- __________ __________ __________ __________

 $2,412.84 $4,778.82 $2,412.94 $2,109.60

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

$402.14. YOUR ACTUAL LOW POINT ESCROW BALANCE (A) WAS $9,902.94-.

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.

Case 19-50186-SCS Doc Filed 12/07/20 Entered 12/07/20 12:29:27 Desc Main

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UNITED STATES BANKRUPTCY COURT 

EASTERN DISTRICT OF VIRGINIA 

NEWPORT NEWS DIVISION 

In Re: Case No. 19-50186-SCS

Glenn Tracy Allen 

Donna Marple Allen Chapter 13 

Debtors. Judge Stephen C. St. John

CERTIFICATE OF SERVICE 

John Russell Bollinger, Debtors’ Counsel 

ecf@bolemanlaw.com 

Barry W. Spear, Debtors’ Counsel 

ecf@bolemanlaw.com 

Michael P. Cotter, Chapter 13 Trustee 

mpcotter@mpcch13.com 

Office of the United States Trustee 

ustpregion04.no.ecf@usdoj.gov 

Glenn Tracy Allen, Debtor 

104 Madrid Drive 

Hampton, VA 23669 

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: 

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: 

Case 19-50186-SCS Doc Filed 12/07/20 Entered 12/07/20 12:29:27 Desc Main

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Donna Marple Allen, Debtor 

104 Madrid Drive 

Hampton, VA 23669 

Authorized Agent for Creditor 

Sottile & Barile, LLC 

394 Wards Corner Road, Suite 180 

Loveland, OH 45140 

Phone: 513.444.4100 

Email: bankruptcy@sottileandbarile.com

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

 D. Anthony Sottile 

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