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Blog posts March 2019

Lender’s Obligations in a Mortgage Transaction

In the New York version of the FannieMae/FreddieMac mortgage, there is a paragraph 3 (b) labeled Lender’s Obligations.  Not a Commercial Foreclosure Law Firm or Steven J. Baum Attorney.  It states as follows:

 

Lender’s Obligations.  The lender will keep the Escrow Funds in a savings or ban…

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