A trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums.
Related information about escrow account:
- Escrow - Wikipedia, the free encyclopedia
It is best known in the United States in the context of real estate (specifically in mortgages where the mortgage company establishes an escrow account to pay ...
- Escrow account - Legal Dictionary - The Free Dictionary
Something of value, such as a deed, stock, money, or written instrument, that is put into the custody of a third person by its owner, a grantor, an obligor, or a ...
- Escrow Account
Everything you need to know about escrow accounts.
- What is an escrow account
An escrow account is where money is held by a party but does not belong to the party. Funds in an escrow account should not be commingled with the funds of ...
- Escrow Account Questions - Wells Fargo
Frequently asked questions about escrow accounts: what they're for, how we use them, and how to manage yours.
- HUD RESPA FAQs by Consumers about Escrow Accounts
RESPA also requires the lender to provide initial and annual escrow account ... The additional escrow account regulations became effective in October 1997.
- Pros and cons: Saving in an escrow account | Bankrate.com
Using an escrow account helps to chip away at housing fees. But it comes at a price.
- What a Mortgage Escrow Account is and Why You Need One.
A mortgage escrow account is required in virtually all home mortgage loans. Read about what a mortgage escrow account is and why you need one.