Case 19-50567-SCS Doc Filed 12/10/21 Entered 12/10/21 09:01:13 Desc Main

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Case 19-50567-SCS Doc Filed 12/10/21 Entered 12/10/21 09:01:13 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

1941 KENSINGTON DR

HAMPTON, VA 23663

LEONA WILLIAMS

272 BENDIX RD

VIRGINIA BEACH, VA 23452

 1

DATE: 11/23/21

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 01/01/2022

THROUGH 12/31/2022.

 -------- ANTICIPATED PAYMENTS FROM ESCROW 01/01/2022 TO 12/31/2022 ---------

HOMEOWNERS INS $1,778.00

FHA MIP -RBP $899.64

CITY $1,770.72

CITY $117.96

TOTAL PAYMENTS FROM ESCROW $4,566.32

MONTHLY PAYMENT TO ESCROW $380.52

 ------ ANTICIPATED ESCROW ACTIVITY 01/01/2022 TO 12/31/2022 ---------

 ANTICIPATED PAYMENTS ESCROW BALANCE COMPARISON

MONTH TO ESCROW FROM ESCROW DESCRIPTION ANTICIPATED REQUIRED

 STARTING BALANCE --> $902.39 $1,778.00

JAN $380.52 $74.97 FHA MIP -RBP $1,207.94 $2,083.55

FEB $380.52 $1,778.00 HOMEOWNERS INS $189.54- $686.07

 $74.97 FHA MIP -RBP L1-> $264.51- L2-> $611.10

MAR $380.52 $74.97 FHA MIP -RBP $41.04 $916.65

APR $380.52 $74.97 FHA MIP -RBP $346.59 $1,222.20

MAY $380.52 $74.97 FHA MIP -RBP $652.14 $1,527.75

JUN $380.52 $74.97 FHA MIP -RBP $957.69 $1,833.30

 $806.00 CITY $151.69 $1,027.30

 $58.98 CITY $92.71 $968.32

JUL $380.52 $74.97 FHA MIP -RBP $398.26 $1,273.87

AUG $380.52 $74.97 FHA MIP -RBP $703.81 $1,579.42

SEP $380.52 $74.97 FHA MIP -RBP $1,009.36 $1,884.97

OCT $380.52 $74.97 FHA MIP -RBP $1,314.91 $2,190.52

NOV $380.52 $74.97 FHA MIP -RBP $1,620.46 $2,496.07

DEC $380.52 $74.97 FHA MIP -RBP $1,926.01 $2,801.62

 $964.72 CITY $961.29 $1,836.90

 $58.98 CITY $902.31 $1,777.92

 --------- 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 $875.61.

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004 0000212506_ESCROWDISCSTMT_211123 

Case 19-50567-SCS Doc Filed 12/10/21 Entered 12/10/21 09:01:13 Desc Main

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 CALCULATION OF YOUR NEW PAYMENT 

PRIN & INTEREST $467.64

ESCROW PAYMENT $380.52

SHORTAGE PYMT $16.21

NEW PAYMENT EFFECTIVE 01/01/2022 $864.37

YOUR ESCROW CUSHION FOR THIS CYCLE IS $611.10.

 ACCOUNT HISTORY

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

ESCROW ACTIVITY BEGINNING 07/01/2021 AND ENDING 06/30/2022. 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 07/01/2021 IS:

PRIN & INTEREST $467.64

ESCROW PAYMENT $367.30

SHORTAGE PYMT $14.25

BORROWER PAYMENT $849.19

 PAYMENTS TO ESCROW PAYMENTS FROM ESCROW ESCROW BALANCE

MONTH PRIOR PROJECTED ACTUAL PRIOR PROJECTED ACTUAL DESCRIPTION PRIOR PROJECTED ACTUAL

 STARTING BALANCE $889.00 $92.61

JUL $367.30 $381.55 * $74.97 FHA MIP -RBP $1,181.33 $399.19

JUL $74.97 FHA MIP -RBP

AUG $367.30 $381.55 * $74.97 FHA MIP -RBP $1,473.66 $705.77

AUG $74.97 FHA MIP -RBP

SEP $367.30 $381.55 * $74.97 FHA MIP -RBP $1,765.99 $1,012.35

SEP $74.97 FHA MIP -RBP

OCT $367.30 $381.55 * $74.97 FHA MIP -RBP $2,058.32 A-> $289.23

OCT $74.97 * FHA MIP -RBP

OCT $964.72 CITY

OCT $64.98 CITY

NOV $367.30 $381.55 * $74.97 FHA MIP -RBP $2,350.65 $595.81

NOV $74.97 FHA MIP -RBP

DEC $367.30 $0.00 $74.97 FHA MIP -RBP $1,778.00 $595.81

DEC $806.00 CITY

DEC $58.98 CITY

JAN $367.30 $0.00 $74.97 FHA MIP -RBP $2,070.33 $595.81

FEB $367.30 $0.00 $1,778.00 HOMEOWNERS INS T-> $584.66 $595.81

FEB $74.97 FHA MIP -RBP

MAR $367.30 $0.00 $74.97 FHA MIP -RBP $876.99 $595.81

APR $367.30 $0.00 $74.97 FHA MIP -RBP $1,169.32 $595.81

MAY $367.30 $0.00 $74.97 FHA MIP -RBP $1,461.65 $595.81

JUN $367.30 $0.00 $74.97 FHA MIP -RBP $889.00 $595.81

JUN $806.00 CITY

JUN $58.98 CITY __________ __________ __________ __________

 $4,407.60 $1,907.75 $4,407.60 $1,404.55

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

$584.66. YOUR ACTUAL LOW POINT ESCROW BALANCE (A) WAS $289.23.

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. 

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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 19-50567-SCS Doc Filed 12/10/21 Entered 12/10/21 09:01:13 Desc Main

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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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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 19-50567-SCS Doc Filed 12/10/21 Entered 12/10/21 09:01:13 Desc Main

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UNITED STATES BANKRUPTCY COURT 

EASTERN DISTRICT OF VIRGINIA 

NEWPORT NEWS DIVISION 

In Re: Case No. 19-50567-SCS

Leona Quatena McGowan 

 fka Leona Quatena Williams Chapter 13 

Debtor. Judge Stephen C. St. John

CERTIFICATE OF SERVICE 

I certify that on December 10, 2021, 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: 

John Russell Bollinger, Debtor’s Counsel 

ecf@bolemanlaw.com 

Kathryne Mary Rose Shaw, Debtor’s Counsel 

ecf@bolemanlaw.com 

R. Clinton Stackhouse, Jr., Chapter 13 Trustee 

bcourt@rcsch13.com 

Office of the United States Trustee 

ustpregion04.no.ecf@usdoj.gov 

I further certify that on December 10, 2021, 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: 

Leona Quatena McGowan, Debtor 

 1941 Kensington Drive 

 Hampton, VA 23663 

Dated: December 10, 2021 /s/ D. Anthony Sottile

 D. Anthony Sottile 

Authorized Agent for Creditor 

Sottile & Barile, LLC 

394 Wards Corner Road, Suite 180 

Loveland, OH 45140 

Phone: 513.444.4100 

Email: bankruptcy@sottileandbarile.com

Case 19-50567-SCS Doc Filed 12/10/21 Entered 12/10/21 09:01:13 Desc Main

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