Changes from March 1 on excrow accounts
Changes from March 1 on excrow accounts
Changes from March 1 on excrow accounts
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📝 Summary
Changes from March 1 on excrow accounts
Big changes since March in the IHS market, in protection against credit fraudsters, as well as in mortgages. The mechanism of escrow accounts will now work in the suburban real estate market. What does that mean? The buyer’s money will be in a special bank account until the terms of the contract are fulfilled. This scheme should protect buyers from unscrupulous contractors. Moreover, under the new rules, a mortgage for the construction of a house will be available only with escrow.
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