Re: Ye New Galactic Bar & Grill & Phong\'s Head Cantina - After Hours
Gentlemen
This is a very good question indeed.
Quote:
Recently my house payment was increased in order to keep pace with my Escrow Account needs. Evidently my Property Tax increased, thus the need for more money in my Escrow account increased....
...Who keeps the interest earned off of these Escrow Accounts?
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My house payment also went up to account for the increase in my Property Tax. I imagine that the bank keeps the interest on the account as a fee for managing the account. Although I could be wrong. It may be that the account's interest is rolled back in. I will have to ask my wife if she knows, since she keeps a closer watch on that particular account.
Cheers!
Trajan
[ August 16, 2002, 15:17: Message edited by: Trajan ]
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'To slander, Trajan paid little heed, and he was no slave of anger.'
-Dio Cassius, Book LXVIII
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