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#1855544 - 09/25/13 08:54 PM Association Dues
Web Offline
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Joined: May 2005
Posts: 316
If a loan is an HPML are we required to escrow for association dues?

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Escrows on Higher-Priced Mortgages
#1855547 - 09/25/13 08:57 PM Re: Association Dues Web
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
No. The requirements are for taxes and hazard insurance. If you do escrow, though, you might consider doing so for HOA dues, since unpaid HOA dues can create a lien superior to your mortgage in some states.
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John S. Burnett
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