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How to Handle Escrows for Repairs on LE & CD

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Question: 
How do we handle escrows for repairs on the LE and on the CD when we hold them and when the title company holds them?
Answer: 

What happens to the funds after the loan closing is a matter of the loan agreement and such an escrow account would not be reflected on the LE or CD.

First published on 11/22/2015

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