ESCROW ACCOUNT
I am a little confused as to why the
mortgage company charges the taxes etc along with the monthly payment when they have already put the annual taxes
in the ESCOROW ACCOUNT at the time of
closing.
sayana 
The Escrow Account or Impound Account is typically set-up with the first years property taxes and also set-up to collect monthly payments so that they have sufficient funds to cover the next years tax payments. The mortgage company should "reanalyze" your escrow account each year to determine whether they are collecting too much or too little.
[addsig]
Hi:
Thanks for the input.
sayana