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Are escrow accounts required by mortgage lenders?

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Are escrow accounts required by mortgage lenders?

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for subprime loans (if there are any lenderes offering this as i type), they are currently not required but lawmakers are trying to have them required. The reasoning is if its not taken out 1/12 per month, than all if it is due at once (in most counties taxes are paid annually) making it difficult for some homeowners.

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