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 ( Full Answer )
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 ( Full Answer )
In Mortgages

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. ( Full Answer )
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 ( Full Answer )
In Business & Finance

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 ( Full Answer )
In Real Estate

What do you do with a escrow account that has a surplus?

A simple escrow account that has a surplus at the end of year hasthe surplus carried over. Many times, the payment to the account isreduced to make the account even again.
In Personal Finance

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 ( Full Answer )
In Divorce and Marriage Law

What is escrow account?

An escrow account is an account in which the earnest money will be held until closing.
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 ( Full Answer )
In Spanish Language and Culture

What is escrow account in spanish?

cuenta de depósito en garantía, cuenta custodial, cuenta de garantía bloqueada, cuenta de plica, cuenta en plica, cuenta mancomunada;