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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?

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  • 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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