Archive | Real Estate

House on pile of Money (escrow blog)

The Truth about Escrow Cushions

The Real Estate Settlement Procedures Act (RESPA) addresses escrow accounts and the amounts that a lender may hold for payment of the borrower’s real estate taxes, homeowner’s insurance, and other items. A lender may retain a cushion, but the amount of the cushion a lender can maintain is limited by Section 10 of RESPA. Following […]

Continue Reading 0