My monthly escrow payment has gone up, how does that happen?
Your payment amount may have increased due to property tax and/or insurance payment increases. Please review your Annual Escrow Account Disclosure Statements to compare your bills from one year to the next. An increase in one or more of your bills will result in an escrow shortage. The shortage is automatically spread over a 12 month period. You also have the option to pay the shortage amount in full which would lower your escrow payment by 1/12th of the shortage amount.
Related Questions
- What if my clients want to participate in amnesty, but my title/escrow company cannot submit the amnesty payment to the Franchise Tax Board by May 31, 2005?
- What happens after a demand for payment is received from DCSS by the Escrow Company?
- My monthly escrow payment has gone up, how does that happen?
