Escrow & Title
A Wisconsin 'escrow impound account' (reserves) required by some lenders is used to:
AHold the earnest money deposit
BCollect monthly installments to pay property taxes and insurance when due✓ Correct
CFund the broker's commission
DPay for the appraisal and inspection
Explanation
An escrow impound (reserve) account collects monthly amounts for property taxes and homeowner's insurance, ensuring these bills are paid on time; it is managed by the lender.
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