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Escrow Requirement

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  • February 15, 2013 at 8:54 pm EST #2617
    Anonymous
    Inactive

    We are currently renewing an in house real estate loan (1-4 single family owner occupied), which will pay out in 36 months. Are we required to escrow for this renewal if the rate is higher than the APOR?

    February 27, 2013 at 12:18 pm EST #3028
    JGo9
    Participant

    If you are in first lien holder position then yes you should escrow.

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