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Tag Archives: mortgage escrows

Escrow shortage, what is it? How do you fix it and how can you prevent?

What is escrow shortage? This is a very common among homeowners.  Let’s start with a quick refresher, an escrow account is an account held with your servicer that holds the funds needed to pay your property taxes and homeowners insurance.  An escrow account is set up at the time of your purchase and/or refinance.  It […] …read more