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.
Typically, you make a monthly deposit into these accounts that is equal to one-twelfth of the yearly bill. This amount is added into your mortgage payment. When you pay off the mortgage under any possible scenario, it affects any escrow account connected with the loan.efinance. If you refinance a mortgage to get a lower rate or take cash out, the closing agent pays off your old mortgage when the new mortgage is funded. Any escrow balances should be refunded to you in this process, but it can take some time for the lender to do this.