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Reply to "How much has your mortgage payment increased due to escrow? "
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[quote=Anonymous][quote=Anonymous]Our escrow was very high the first 1.5 years because we bought in the fall, [b]the initial escrow account did not have over 6 months balance, and property taxes were due Jan[/b]. So over less than 1.5 years we had to put enough in the balance to cover two years of taxes. It stabilized to 1/12 of the taxes and insurance after that. [/quote] Aren't the taxes pro-rated between the two owners or is the house just taxed and you have to settle the pro-rated amount of taxes due at closing?[/quote]
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