Results for: Escrow Account

In Loans

What is an escrow account?

An escrow account is an account controlled by someone who is not aparty to the transaction (often a broker in a real estatetransaction or one party's attorney in a business tr (MORE)
In Loans

What are the benefits of an escrow account?

Answer . Escrow is a a deposit of money and instruments by two or more persons with a third person, which are held by him until certain conditions are met. The process by w (MORE)

How does a seller open an escrow account?

Answer . I'm a little confused by this question. An escrow account is used to finance your annual home owner taxes and insurance into a monthly payment with your mortgage. (MORE)
In Loans

What is a mortgage escrow account?

Answer . An escrow account associated with a mortgage is an account that is maintained by the mortgage holder and funded by the mortgagee. Part of the monthly mortgage pa (MORE)

What is the concept of escrow account?

An escrow account is funds put aside for a future liability.. Two common examples relating to a home:. If you bought a house and there was a repair needed to be done and pai (MORE)

What are the types of escrow account?

Escrow accounts hold money before it is disbursed for a specificpurpose. One type of escrow account is established by the purchaserto hold funds before the purchase. Another t (MORE)
In Loans

What is a escrow coded account?

can anyone tell me what a escrow coded account is, and if so the terms of such an account in respect of it being dormant for less than 60 days, and whether a fee is charged to (MORE)