Answer:
See Page 47 of the 4/2/10 FAQs under HUD-1 - 200 series Q&A #3.
First published on BankersOnline.com 11/01/10
Listing Escrow Balance on HUD
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Question:
We are refinancing an in-house loan. The borrowers currently have an escrow account. Is it okay to list the current escrow balance as a credit on the new HUD?
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