What if I don t have an escrow account for real estate taxes?
In this case, you are responsible for payment of your real estate taxes. State Farm Bank will contact your taxing authority to confirm real estate taxes are paid. If real estate taxes are delinquent, an escrow account will be established to pay the delinquent real estate tax and your monthly payment will be adjusted to cover the delinquent and future real estate tax payments.
Related Questions
- Should I have my mortgage company set up an escrow account so I pay them taxes and insurance monthly, and they pay the tax bills and insurance payments when due?
- Why do I have to pay school taxes if I don?t have any children in school?
- I have an escrow account for taxes. Where should I send tax bills upon receipt?
