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SmartEscrow Report

Put a stop to big escrow account adjustments! Now there is an easy way to make sure that property tax escrows are set up properly so that no big adjustments are necessary. We call it SmartEscrow™. In less than 2 minutes you can answer a few easy questions and get a report that tells you exactly how much money should be collected up front and how much the monthly property tax escrow payment should be. Built on our Homestead Check™ architecture, SmartEscrow™ takes into account Homestead Portability, actual tax rates for the county/municipality, and even calculates the correct property tax pro-ration between the buyer and seller on purchases.

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Smart Escrow

Smart Escrow

$25.00 Regular price $100.00
SmartEscrow™ takes into account existing “portability”, actual local county and municipality tax tables, and other intricacies of Florida’s unique property tax laws so that the borrower’s property tax escrow account is set up accurately with no need for any significant adjustments in the future!

How Does It Work?

Are you getting a loan to buy a homestead property in Florida? Or are you refinancing your current homestead property? If so, get a Smart Escrow™ Report and make sure that your title/closing agent and/or lender properly set up your property tax escrow account. The cost is only $25 and it takes less than 2 minutes! Don’t let your lender or title/closing agent use antiquated methods of setting up your escrow account which will result in large escrow account adjustments that you have to fund in cash and that will drastically increase your payments! You can present them with your Smart Escrow™ Report and tell them that you want your escrow account set up accurately!

Florida Homestead Property Tax Analysis Form Example

Why Should I Get One?

Lenders find it very convenient to set up escrow accounts for property taxes the same for all 50 states. Unfortunately, Florida has very unique property tax laws that can result in big adjustments to your escrow account in the first or second year of your loan. Surprises are nice for your birthday, but not when it comes to your mortgage payment and escrow account! The Smart Escrow™ Report is a very easy-to-use tool that creates a simple and completely accurate report on how your escrow account should be set up. See below for an example of how the Smart Escrow™ Report looks.

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What If It Isn't Accepted

What if my lender or title agent refuse to use my Smart Escrow™ Report? Hopefully your lender or title/closing agent values accuracy and professionalism. Purposefully setting up an escrow account in a way that will result in big unplanned adjustments doesn’t benefit anyone. Worst case scenario, if they refuse to set up your escrow account properly, you will at least know how it SHOULD have been set up and you’ll have a good idea of what the adjustments will look like the first two years of your loan. This will help you plan for the adjustments so that they aren’t an inconvenient or worse surprise.

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SmartEscrow™ is an incredible value at a cost of only $25 per report.

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Answers To Frequently Asked Questions

  • What is a SmartEscrow™ Report?

    SmartEscrow™ is a new easy tool for use by Lenders, Closing Agents, and Homeowners in Florida to accurately handle property tax escrow account setup. Your SmartEscrow™ report will show how much money to collect up-front at closing towards the property tax escrow, the correct amount for the property tax escrow payment each month, and even the correct pro-ration for current-year property taxes on the settlement statement

  • How much does a SmartEscrow™ Report cost?

    SmartEscrow™ reports are only $25.00!

  • What if the Lender or Servicer ignores the SmartEscrow™ Report?

    Hopefully your lender or title/closing agent values accuracy and professionalism. Purposefully setting up an escrow account in a way that will result in big unplanned adjustments doesn’t benefit anyone. Worst case scenario, if they refuse to set up your escrow account properly, you will at least know how it SHOULD have been set up and you’ll have a good idea of what the adjustments will look like the first two years of your loan. This will help you plan for the adjustments so that they aren’t an inconvenient or worse surprise.

  • How long will it take to get my results report back?

    You can expect to get your SmartEscrow™ Report results back within a few minutes of placing your order. Some reports take more work than others to generate (such as if a property record is redacted). If you do not see any results within 24 hours please contact us at

    support@floridahomesteadcheck.com

  • Why should I get a SmartEscrow™ Report?

    Lenders find it very convenient to set up escrow accounts for property taxes the same for all 50 states. Unfortunately, Florida has very unique property tax laws that can result in big adjustments to your escrow account in the first or second year of your loan. Surprises are nice for your birthday, but not when it comes to your mortgage payment and escrow account! The Smart Escrow™ Report is a very easy-to-use tool that creates a simple and completely accurate report on how your escrow account should be set up.