Tax and Insurance Reserve Escrow
Sometimes mortgage companies
will opt not to reserve monthly property taxes and home insurance for their
clients. In this case, you're not dealing with a PITI escrow, which is a
loan-servicing escrow that transfers the principle and interest payment to the
mortgage holder, while reserving taxes and insurance. If this is your situation,
you may want to consider a T&I reserve escrow, which reserves taxes and
insurance in a special escrow account for you.
A Merging of Talents
We started Bankers Escrow Corporation in 1991 by pooling the expertise of CPAs,
attorneys, exchange specialists, and escrow officers in order to better serve
exchange and escrow clients. Many years later, we're still providing the best
customer service possible, realizing that every transaction we make is
incredibly important. In fact, setting up and administrating tax & insurance
reserve escrow accounts is one of our several escrow specialties.
At
Bankers Escrow Corporation, we offer our tax & insurance reserve escrow account
holders a couple of easy options for payment. We will either provide you with
monthly payment coupons to send in or—even easier—we can set up your payment to
be deducted electronically from your checking or savings account. Bankers Escrow
Corporation will also provide you with a yearly reserve analysis to ensure that
we are collecting the most accurate, up-to-date sum.
If you have
questions about the details of a tax & insurance reserve escrow account, contact
us at Bankers Escrow Corporation for your free consultation. Call toll-free at
800.571.6595 or email us at
request@bankersescrow.com. Our job is to de-mystify the escrow process so you
can feel good about your money-management choices and secure in knowing you've
chosen the right company to help.