ST Alpha - "it's usually a condition of closing and the terms of the mortgage that the buyer deposit a monthly tax and title insurance amount in escrow -- nm" (Reading a Post)

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it's usually a condition of closing and the terms of the mortgage that the buyer deposit a monthly tax and title insurance amount in escrow -- nm

Posted by pigby (aka chris) Nov 7 '08, 14:36

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I just wasn't sure what to do when I got the tax bill. Ignore it? -- nm - mara Nov 7, 14:52
I could understand insurance, but taxes? that's a new one for me. -- nm - CrankYanker Nov 7, 14:39 1
- because if you don't pay your property taxes, the government puts a lien on your property, which is superior to the mortgage holder's lien - pigby Nov 7, 14:40
(at least for a period of time, like the first 5 years or so) -- nm - pigby Nov 7, 14:37

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