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Buying & Selling Real Estate

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Vincent Q.
Pro Member
  • Rental Property Investor
6
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48
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Escrow shortfall, should I pay in full?

Vincent Q.
Pro Member
  • Rental Property Investor
Posted Dec 4 2019, 11:24

My escrow is in shortfall of approx 800 bucks.

Due to insurance increases and a slight tax increase.

Do I pay un full? Or just live with the monthly increase built into new mtg payment?

Is paying full escrow a tax deduction?

Need some advice, as I dont like seeing my monthly profit decrease due to the higher monthly payment.

Please let me know your thoughts.