inormation: Escrow Accounts: What’s the Deal?
- 08/24/11 06:33 AM
By: Susan B. Weiner Published: October 22, 2010 Does your escrow account ever cross your mind? Probably not. But forgetting to monitor it can lead to lost money and a big headache. Escrow accounts: lenders love them; you might not As handy as they are, you’ll find some significant hitches: You lock up your money before your tax and insurance payments are due, since your lender is taking the money out each month, often long before the tax payment is actually due. Your lender usually doesn’t have to pay you interest on your escrow account—it varies by state. Your lender may … (0 comments)
By: Susan B. Weiner
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