It is that time of the year again where monies are collected in escrow for the 1st installment of property taxes! As a reminder as to how they are collected, i have attached a copy f our cheat sheat flier! It is important for agents/lenders to know these schedule, because it can affect the dollar amounts on the good faith estimates, and can potetially throw the numbers of with dollars to close. (especially if its a refi and the borrower currently has impounds)
If we remember one thing, THE GOVERNMENT ALWAYS GETS PAID! We will all be better off. People may be able to escape taxes for the short run, but the government will come back and find you.