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Top articles: | Sales volumes in the final quarter were down a third from year-earlier levels, despite a 9% fall in ... |
| » NY » Real Estate news | 02/28/2011 | | | South Florida real estate developer Martin Margulies has been sitting on prime ocean-front property ... |
| » FL » Real Estate news | 03/15/2012 | | | In Pennsylvania, only judicial or in court foreclosures are allowed. To move forward with an in cour... |
| » PA » Foreclosure | 05/02/2008 | | | My family decided to take a trip from Reno to Las Vegas to see how the real estate market was behavi... |
| » NV » Real Estate news | 02/16/2012 | | | The suburban Boston home where Babe Ruth lived after he had been sent to the New York Yankees is for... |
| » MA » Home selling | 05/13/2012 | | » Read all articles |
| EscrowA neutral third party holds other people`s funds in a secure account for future use. An earnest money deposit is held in a real estate broker`s escrow account. It is the broker`s account, but he is holding the buyer`s funds in the account for safekeeping until closing. In the case of a mortgage, the total monthly mortgage payment may include funds to pay for future taxes and insurance paid in addition to the principal and interest. This escrow is held by the lender until taxes and insurance are due, at which time the mortgage company pays the taxes and insurance on the borrower`s behalf. After the taxes and insurance are paid, the lender may re-adjust the total monthly payment to insure sufficient funds for future escrowed items. See also:Earnest MoneyEasementEminent DomainEqual Credit Opportunity ActEquityEquity LoanEscrowEvictionExclusive Agency ListingExtension Real Estate Glossary |
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•Cary, NC real estate •Tampa, FL real estate 🦄
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•Houston, TX real estate ☪
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