Skip to content
BOL Conferences
Thread Options
#1752117 - 10/24/12 07:53 PM Monthly Escrow calculation
ADN Offline
100 Club
Joined: Mar 2007
Posts: 221
We have a situation where the 1st half taxes are paid on the HUD. Our escrow analysis shows paying out the 2nd half taxes and 1 full year of insurance.

I am assuming we can only base our monthly escrow figure on our 2nd half taxes and insurance because that is all we are paying out over the next 12 months. Is this correct?

Any help would be appreciated!!!!

Return to Top
RESPA
#1752299 - 10/25/12 02:56 PM Re: Monthly Escrow calculation ADN
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
When did the loan close?

When is the first payment due?

What months are the tax payments due?

Based on your post I think you may have messed up your initial analysis.

You may want to download and use the escrow analysis tool from David's Web site.

http://www.bankerscompliance.com/compliance-resources/free-downloads.htm
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top

Moderator:  QCL