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An option at closing is to have estimated taxes added to the house payment and placed in a separate account until taxes are due. This process is called: A. mortgage B. foreclosu…

An option at closing is to have estimated taxes added to the house payment and placed in a separate account until taxes are due. This process is called: A. mortgage B. foreclosu…
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An option at closing is to have estimated taxes added to the house payment and placed in a separate account until taxes are due. This process is called:

A. mortgage
B. foreclosure
C. title insurance
D. escrow

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User Ralf Htp
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1 Answer

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The correct answer is letter D. Escrow. An option at closing is to have estimated taxes added to the house payment and placed in a separate account until taxes are due. This process is called escrow.
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User Maksim Sorokin
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