RC_LA_EA_300.4 Escrowing Real Estate Taxes

Member Price: $49.00

Nonmember Price: $79.00

Product Code: DL2-011115-WC-W

Purchase

This is a single-family/residential course.

The three major components of most escrow accounts are property insurance, mortgage insurance, and real estate taxes. Lenders face tremendous risks associated with unpaid tax bills: the property can be sold at a tax sale, and the lender can lose the security and have no recourse.

Escrowing Real Estate Taxes examines why and how real estate taxes are administered through escrow accounts. The course begins with a general discussion of real estate taxes and related risks to the lender. Next, it describes the three basic types of real estate taxes: property taxes, ground rents, and special assessments. The course then examines the practice of outsourcing tax functions. The administration of tax payments is then addressed. Toward the end of the course, the importance of timely payments is described.

Topics:

  • Real Estate Taxes and Escrow
  • Types of Real Estate Taxes
  • Outsourcing
  • Administering Tax Payment
  • Importance of Timely Payment

    Seat time approximately one (1) hour.

    Copyright 2019.

  • Notes

    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course.

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