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re: Escrow question

Posted on 3/4/23 at 11:40 am to
Posted by ShermanTxTiger
Broussard, La
Member since Oct 2007
11369 posts
Posted on 3/4/23 at 11:40 am to
You are probably upside down and the mtg co is trying to catch up on escrow reserves. This happened to me in DFW back in 2019.

It will modify or reduce once the escrow reserve is caught up.
Posted by bee Rye
New orleans
Member since Jan 2006
34546 posts
Posted on 3/4/23 at 10:18 pm to
quote:

Not sure. I’ve always either paid cash for a home or put at least 20% down so I don’t have to escrow.


20% down has nothing to do with escrow. And no one has to do escrow, it’s just a way to speed out your taxes and insurance
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