What Is the Difference Between Escrow and Escrow Accounts?
Point2Homes
JULY 28, 2020
The second type is normally referred to as an escrow account and is associated with your mortgage. The buyer is required to deposit their ‘earnest money deposit’, a sum of money that typically equates to around 1-3% of the sale price. Mortgage Escrow Accounts. Escrow During the Purchase Process.
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