Escrow Overage Possible Reasons

Decreases on Escrow Disbursements

  • Taxes were paid yearly and converted to payments of two to four times a year 
  • Changes to the (hazard) insurance policy causing the premium to decrease 
  • Changing the carrier (or company) of the insurance policy causing a decreased premium
  • Too much funds were collected at closing 
  • Homestead, Over 65 or Veterans Exemptions
  • Taxes paid on un-improved property