Tax & Insurance Funds Ownership Acknowledgement
This form confirms who will manage and be responsible for property tax and insurance funds—especially critical in subject-to or creative finance deals. Keeps both parties aligned on financial duties.
Key Features
- Escrow responsibilities clearly laid out
- Reduces future confusion or finger-pointing
- Ideal for deals with mortgage wraparounds or servicing
- Editable and easy to reuse
Use Cases
- Creative or hybrid deals
- Partnerships or seller financing
- Self-servicing vs. third-party servicing agreements
- Risk management for both parties
