Answer:
No, the requirements only apply to the primary residence.
First published on BankersOnline.com 6/21/10
HPML Escrow on Additional Vacant Land
Answered by:
Question:
If we have a Section 35 high cost loan, and we are taking additional vacant land as collateral, do we have to escrow for the property taxes on the vacant land in addition to the taxes and insurance on the home itself?
print
share