Get Rid of Your Escrow Account like Becky from

Family and Finances

One of the most popular posts on Prime Time Money has been my post entitled, “Earn an Extra Few Hundred This Year by Saving for and Paying Your Own Property Taxes.”  I hope to make some extra cash this year by using this method.

Motivated by my post, Becky from contacted her mortgage company and got rid of her escrow account.  Here’s an excerpt from Becky’s post:

“I was a little skeptical about my mortgage company, Wells Fargo, being willing to give up what was for them an easy money-maker. Nonetheless, I sent them an email asking about removing our escrow account. They sent a message back saying that we could do it if we qualified…”

Becky will actually be getting more money back than they actually owe on their taxes because the mortgage company was keeping a $500 reserve.  She’s using the money to meet some of her financial goals.  Way to go Becky.  Thanks for sharing your story.

Last Edited: February 18, 2012 @ 3:28 pm The content of is for general information purposes only and does not constitute professional advice. Visitors to should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.
About Philip Taylor

Philip Taylor, aka "PT", is a CPA, financial writer, FinCon CEO, and husband and father of three. He created PT Money back in 2007 to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT. Read more about Philip Taylor, and be sure to connect with him on Twitter, Facebook, or view the Philip Taylor+ Google profile.