Escrow gone way up and not sure what to do

[James Powell]

Hello All, I am currently house hacking and have been living in one half of my duplex for 13 months. I got a letter in the mail today from my mortgage company saying that I've had an escrow shortfall in my account. Basically, my escrow wasn't calculated correctly or it was taxed differently when I bought the property leading to the shortfall. Now my escrow is way behind and it does not have the min. amount required by the mortgage company. I can pay 4K and my mortgage will go up $300 or I can just pay to catch up and that will cause my mortgage to go up by $624. Ouch. I have some equity in the property and have saved up some cash. Should I sell the property and roll it into a better property that cash flows better?