A new survey from LERETA, a national provider of real estate tax and flood services for mortgage servicers, reveals persistent gaps in mortgage borrowers’ understanding of escrow accounts — even as ...
An escrow account is a secure holding area for money and documents during a real estate transaction. It protects buyers, sellers, and lenders by ensuring no funds or titles change hands until all ...
The new Realtor.com report found escrow costs now account for 38% of total mortgage payments in Florida, a 70% increase over the past five years.
Most homeowners are surprised by escrow payment increases, with 62% citing higher property taxes as the cause.
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