A+E Networks. On this day in 1865, the U.S. House of Representatives passes the 13th Amendment to the Constitution, abolishing slavery in America.The amendmentread, âNeither slavery nor involuntary servitudeâ¦shall exist within the United States, or any place subject to their jurisdiction.â.
1 Add an escrow account to your loan. 2  Purchase new homeownersâ insurance for you and bill you for it. 3  This lender-purchased insurance, known as force-placed insurance, is typically more expensive than regular homeownersâ insurance. 4  It only protects the lender, not you, in the event of damage to your home.n escrow account makes it easier to pay your large property-related bills by paying small amounts with your mortgage payment each month. That way you donât have to scramble to pay a large property tax bill or insurance premium.
Escrow accounts can be used by mortgage lenders either as a service or a requirement for borrowers. The accounts serve to hold money to pay for expenses such as property taxes and homeowner's insurance until they are due.he surplus is moved to your escrow account and held there until a payment is required for either property taxes or insurance premiums. At this time, they are paid by the lender with the funds from the escrow account, directly to the tax collector or insurance company.