Ask Terry Questions Mortgage escrow

Mortgage escrow

By Terry Savage on October 23, 2023 | Housing / Real Estate

New company requires min escrow balance of $4500, is this legal since we did not agree to it?

Terry Says

Are you in the process of purchasing a house, and need to post that amount to make your bid? Do you live in California, where escrow is a regular part of the purchase process? Please write back with more details so I can answer your question.



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