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Tina, Lawyer
Category: Real Estate Law
Satisfied Customers: 5436
Experience:  17 years of legal experience including real estate law.
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What is an escrow account and why do we have to pay one now

Customer Question

what is an escrow account and why do we have to pay one now if we did not have to pay one last year when we purchased our home? also what is the surplus tax that we did not have to pay either but now are to pay. My husband is disabled vet. and we have a V.A. loan.
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Richard replied 1 year ago.

Hi Stephanie. My name is ***** ***** I look forward to helping you.

Can you provide me a bit more information? No, are you refinancing or is this the same loan? Were you late on any of your loan payments during the first year? Thanks.

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