All About Mortgage Escrow

All About Mortgage Escrow
An escrow account ensures property expenses are paid on time and in full. Dreamstime/TCA
Tribune News Service
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By Deborah Kearns From Kiplinger’s Personal Finance
Question: I’m about to buy a new house and would like to know more about escrow accounts. What are they, how do they work and am I required to have one if I have a mortgage?