Andy is correct, as usual. You do not have to escrow based on a portfolio classification, only on a loan by loan basis.
If your bank policy requires you to escrow for those loans, then you would have to escrow for flood insurance if necessary.
Bottom line, if you escrow for a specific RE loan then you must escrow for flood insurance if it is required.
Last edited by dpersfull; 09/16/02 06:00 PM.
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The opinions expressed are mine and they are not to be taken as legal advice.