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Updated over 6 years ago on . Most recent reply

Francisco Lopez's profile image
Francisco Lopez's profile image
Francisco Lopez
  • from Belvidere, Illinois
  • Member since Apr 12, 2018
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9
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Francisco Lopez's profile image
Francisco Lopez's profile image
Francisco Lopez
  • from Belvidere, Illinois
  • Member since Apr 12, 2018
Connect
Francisco Lopez
  • Belvidere, IL
7
Votes |
9
Posts
Buying & Selling Real Estate

What does it mean escrow shortage?

Francisco Lopez
  • Belvidere, IL
Posted
I received a letter from the bank, raising my monthly payment because there is an escrow shortage. Can somebody explain what does it mean? Payment went up by $400.00 and is eating most of my cash flow. Could taxes have gone up by that much?
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