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.
Your escrow account is the portion of your mortgage payment that goes to pay property taxes and homeowner's insurance. The mortgage company estimates the sum of those two bills, divides them by 12, and tacks that much extra on to your payment every month. If they estimated wrong and have escrow money left over after paying those two bills, the law says they have to refund you what's left. I have an escrow account for my mortgage.