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Updated about 13 years ago on . Most recent reply

James Park's profile image
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James Park
  • Real Estate Broker
  • from Johns Creek, GA
  • Member since Oct 3, 2009
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James Park's profile image
James Park's profile image
James Park
  • Real Estate Broker
  • from Johns Creek, GA
  • Member since Oct 3, 2009
Connect
James Park
  • Real Estate Broker
  • Johns Creek, GA
664
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870
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Wholesaling

Escrow requirement for SFR rentals

James Park
  • Real Estate Broker
  • Johns Creek, GA
Posted

My mortgage broker told me today that I will be required to have an escrow account on my new purchase of a SFR investment property due to a recent change in Fannie guidelines. For those of you who investment in SFR rentals, do you normally waive escrows or is it good practive to have an escrow account.

Thanks.

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