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Can a mortgagee capitalize an escrow advance for Homeowner’s Association fees?

April 26, 2017Association capitalize escrow fees Homeowner mortgagee

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Can a mortgagee capitalize an escrow advance for Homeowner’s Association fees?

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Yes. Mortgagees must also escrow funds for those items which if not paid would create liens on the property positioned ahead of the FHA-insured mortgage.