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What type of account is held by the mortgage lender and used to cover property taxes and homeowner's insurance? A. assessed account. B. escrow account. C. reserve account. D. tax account.
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Asked 1/30/2011 11:36:07 PM
Updated 1/24/2015 6:55:17 AM
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User: What type of account is held by the mortgage lender and used to cover property taxes and homeowner's insurance? A. assessed account. B. escrow account. C. reserve account. D. tax account.





Weegy: Tax
Expert answered|armywifey4310|Points 50|

Question|Rated good
Asked 1/30/2011 11:36:07 PM
Updated 1/24/2015 6:55:17 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by jerry06 [1/24/2015 6:55:17 AM]
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An escrow account is held by the mortgage lender and used to cover property taxes and homeowner's insurance.
Added 1/24/2015 6:55:16 AM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [1/24/2015 1:56:48 PM]
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Questions asked by the same visitor
What is the basic purpose of insurance? A. to protect you from creditors B. to better manage your tax burden C. to help you make a profit if you file a claim D. to reimburse you for your loss
Weegy: The basic purpose of insurance is to reimburse you for your loss. (More)
Question
Expert Answered
Updated 348 days ago|7/24/2019 3:04:45 AM
0 Answers/Comments
When you purchase insurance, what are you doing? A. Retaining the risk of a loss. B. Reducing the risk of a loss. C. Avoiding the risk of a loss D. Transferring the risk of a loss.
Weegy: D. Transferring the risk of a loss. (More)
Question
Updated 2/22/2017 11:14:57 AM
1 Answer/Comment
When you purchase insurance, you are reducing the risk of a loss.
Added 2/22/2017 11:14:57 AM
This answer has been confirmed as correct and helpful.
Confirmed by Janet17 [2/22/2017 11:27:47 AM]
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