However, if you have to keep an escrow account for certain required payments, such as mortgage insurance, you can still remove your regular homeowners insurance premium, property tax payments or both from your escrow account.
Escrow is generally considered good because it protects the buyer and seller in a transaction.
In California, the buyer may choose the escrow company.
Choosing the escrow company The seller's real estate agent usually chooses the escrow company. Make sure the escrow company is licensed and in good standing with the Department of Corporations by calling (866) 275-2677, or the Bureau of Real Estate at (213) 620-2072.