Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about taxes: | |||||||||||||||||||||||
How Do I Figure Escrows?
September 6, 1999 "My loan officer tells me I need to deposit $1157 into an escrow account at closing to take care of future taxes and hazard insurance payments, but when I asked him where that number came from he said 'it is set by HUD' and was unable to explain it further. ... more... How Can I Avoid Escrows on My Mortgage? February 8, 1999 "Is it wise to try and get the lender to waive the requirement that taxes and insurance premiums be placed in escrow? I would rather manage that money myself and earn the interest on it. How do I negotiate ... more... |
|||||||||||||||||||||||
taxes related definitions |
|||||||||||||||||||||||
Tax Sale
Tax Sale Property on which current county taxes have not been paid is "sold to the state." At this stage no actual sale takes place - the title is transferred to the state and the owner may redeem it by paying taxes, penalties and costs. If it has not been redeemed ... more... Impound Impound That portion of a borrower's monthly payments held by the lender or servicer to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Also known as reserves. ... more... |
|||||||||||||||||||||||
More about taxes Ifs and VATs of Taxation in Macedonia - Should VAT be Applied in Macedonia? Real Estate for Beginners: Residential Property Taxes History Of The Federal Income Tax Business Ownership, Cash in Your Pocket - Today! Home Buyer Checklist Escrow Accounts Are You Paying Too Much? How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share Popular Business Misconceptions Cost You Money! The US Dollar Is Not Weak Your Affiliate Business and Taxes
|
|
||||||||||||||||||||||
|