A special assessment may be charged against your property because of improvements from which you benefit, including street and sidewalk repairs or sewer construction. If you receive this interim/supplemental/pro rata/occupancy bill, it is very important that you pay it, because SunTrust Mortgage has no knowledge of this bill and did not plan for payment of the bill from your escrow account.
Typically, the first real estate bill for new construction is for the lot/land only. You may receive an interim/supplemental/pro rata/occupancy real estate tax bill, because in most cases collection for this bill is not included in the current escrow collection and SunTrust Mortgage has not received a bill.
For more information, contact SunTrust Mortgage Client Services at 800.634.7928.