There are a few reasons why you might not have enough money in your escrow account to meet the minimum balance:
- Your property taxes and/or insurance premiums increased.
- The due date of your insurance premiums changed.
- You made fewer escrow payments into your account than expected.
- Your starting escrow balance for the 12-month period was lower than expected due to higher payouts the prior year.
If you have questions about an increase in your property taxes or insurance premiums, please contact your local taxing authority or insurance agent.
