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What Is Escrow? Answers to Common Questions
by Kevin Graham on December 28, 2016
An escrow account is an account held by a third party who manages the funds. Mortgage escrow accounts are held by your mortgage lender or other escrow holder to pay your property taxes, homeowners insurance and possibly homeowners’ association fees (if you have them). Payments are made to the appropriate parties when they’re due. The post What Is Escrow? Answers to Common Questions appeared first on ZING Blog by Quicken Loans.