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Updated over 9 years ago on . Most recent reply
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Property tax protest escrow
Hey Team,
I have an escrow account setup for the pirincipal, interest, insurance, and taxes for a property. I am protesting the property taxes. If I win an the appraised value of the property goes down then my taxes will go down. Will this automatically be adjusted for my monthly escrow account payment? Do I have to speak to the mortgage lender and let them know. What is the general protocol?
Thanks!!