What is the underlying purpose of requiring a borrower to escrow money each month for the payment

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What is the underlying purpose of requiring a borrower to escrow money each month for the payment of property taxes?

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Real Estate Finance

ISBN: 978-0324181425

9th edition

Authors: John P. Wiedemer, ‎ Keith J. Baker

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Question Posted: Jul 11, 2018 01:26 PM

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What is the underlying purpose of requiring a borrower to escrow money each month for the payment

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Property taxes take precedence over a first ...View the full answer

Real Estate Finance

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