Estimate for Taxes and Insurance on HUD

Posted By: bgehres

Estimate for Taxes and Insurance on HUD - 08/25/05 05:50 PM

We do not escrow for taxes or insurance on any of our R/E loans. At a recent training seminar, it was stated that these should be included on the HUD because they are required by the lender. Does this still apply if we don't escrow?
Posted By: Dan Persfull

Re: Estimate for Taxes and Insurance on HUD - 08/25/05 05:55 PM

Ins - Yes. RE Taxes - depends on your regulator. We no longer show RE Taxes. (FDIC - Chicago Region)