[jwilkinson]

Can we use the net payoff of the loan which would include the escrow balance of the loan being applied to the payoff? If not do you cut a separate check for the escrow balance and then pay the loan off?

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[jholzknecht]

Comment 34(b)(1) – 1. States, “Section 1024.34(b)(1) does not prohibit a servicer from netting any remaining funds in an escrow account against the outstanding balance of the borrower’s mortgage loan.” Netting is the quick, easy way to handle your situation.

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