Hi! I'm jumping in the convo regarding an old topic but it has reared its ugly head for us now!
Regarding the exact situation above: loan closes in September, first loan payment in November. First half taxes are due in October for which we have obtained funds for at closing. Currently, we hold those funds in an LIP account (loans in process) and then make the tax payment in October outside of escrow. So our initial escrow analysis does not show the October disbursement nor the funds for the disbursement; instead it starts with the first loan payment in November and spreads it over the 12 months.
Is there any way that we could pay and show this October disbursement on the initial escrow analysis without any loan payments for the first 2 months of the analysis?
Thanks for your help as always!