Escrow Accounts: A Necessary Evil
UExpress, Aug. 17, 2018–Lew Sichelman
Most lenders require escrow accounts to make sure these bills are paid on time, thereby reducing the risk that you will default on the mortgage or incur liens on the property. Either of those possibilities will place a cloud on your title, making the property more difficult to sell–by you or the bank, should it have to foreclose.
