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The Palisades Fire has burned untold numbers of homes across Los Angeles. (Eric Thayer/Getty Images)
Meanwhile, it's common for escrow funds to be released to sellers at the close of a real estate transaction. So if there's a sale in progress but that money is gone, sellers risk being shorted, too.
Sources. Average US Mortgage Debt Increases to $244,498 in 2023, Experian.Accessed July 18, 2024. 2024 Wills and Estate Planning Study, Caring.Accessed July 18, 2024.
At the beginning of December, the Santa Ana winds fanned wildfires across southern California, which were fueled by a lack of rainfall during what is normally the region's rainy season. [8] The December fires burned 307,953 acres (124,624 ha) of which 281,893 acres (114,078 ha) were burned during the Thomas Fire , the largest fire in the state ...
Escrow is an account separate from the mortgage account where deposit of funds occurs for payment of certain conditions that apply to the mortgage, usually property taxes and insurance. The escrow agent has the duty to properly account for the escrow funds and ensure that usage of funds is explicitly for the purpose intended.
Pages in category "Accidental deaths in California" The following 200 pages are in this category, out of approximately 354 total. This list may not reflect recent changes .
At least 24 deaths are being reported and more than 12,000 structures burned as firefighters in California battle several wildfires tearing across the Los Angeles area, sending tens of thousands ...
Pages in category "Disasters in California" The following 24 pages are in this category, out of 24 total. This list may not reflect recent changes. 0–9.