Verification: 44a8787c550138ed

RES334 Week 3 Discussion 1

Explain the benefits of escrow for both the borrower and the lender maybe? Do disadvantages exist for either party? If you were looking to purchase an investment property would you be interested in an escrow account? Explain.

Get Plagiarism-Free and Quality Papers Without Overpaying at Homeworkmavens.com

Solution preview:

The benefit of escrow for both lender and buyer is this assures that everyone gets the money they are entitled to. If you are the lender you are glad that this makes sure the taxes and insurance are paid at closing. That protects their asset until the borrower pays back the loan. In some cases, the mortgage default insurance is required by the bank and it could range from the first year at closing and the monthly premiums decided at closing at that cost but is escrow and then gets sent to the insurance company on the due date (Brueggeman, W.B., & Fisher, J.D. 2011). This is also the case for property taxes. As far as the borrower, I like the fact that I do not have to put aside money to pay insurance and taxes and they worry

Just in case you need an assignment done, hire us. Using our writing services will make your life easier because we deliver exceptional results. Use us to get an A!

We are the Best!

course-preview

275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.


12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.


Double line spacing

Your essay will have double spaced text. View our sample essays.


Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.


We Accept

Secure Payment
Image 3

Subjects We Cover