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Ann Nielson Is Closing on Her Purchase of a Townhome

Question 77

Multiple Choice

Ann Nielson is closing on her purchase of a townhome. Her annual property taxes are $3,600. The taxes are due on April 30th of each year. Ann is closing on July 15th. Her first full payment on her mortgage will be on September 1st. What is the maximum amount that Ann can be required to pay into escrow for the taxes?


A) $600 or two months' taxes
B) $600 or two months' taxes plus two months or $1,200
C) $1,800
D) $3,600

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