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What is Escrow?
Escrow refers to money, goods, or a written document
held by an unaffiliated third party such as Bankers
Escrow Corporation, pending the fulfillment of some
condition[s]. Escrow serves as a safeguard for all
parties to protect respective commercial interests.
What are examples of
Escrow Services?
What's the difference between a PITI Escrow versus a
T & I Escrow?
A PITI [Principle, Interest, Taxes &
Insurance] Escrow is a
loan servicing
escrow that
passes through the Principle & Interest payment to
the mortgage holder and reserves for Taxes and
Insurance. A T & I [Taxes & Insurance] Escrow is a
reserve escrow for tax and insurance payments only.
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