Tag Archives: escrow payment

Residential Real Estate Terms and Definition Series: Escrow Payment

Escrow Payment: that portion of a mortgagorā€™s monthly payment held in trust by the lender to pay for taxes, hazard insurance and other items as they become due. Part of the Keller Williams Real Estate Glossary. To download the entire list of terms and definitions, please see the PDF located on our website @ http://jodiecollins.com/Real_Estate_Glossary_1273524611838.pdf