Posted by Bill Gatten on January 13, 2001 at 16:33:45:
Whether there would be an Escrow or not, would depened upon what the 2nd Mtg. holder wanted. If it’s just a restructuring, extention (with re-amortization) or a discounted payment stream, I wouldn’t think so; however, it if involves multiple payouts, pro-rations, title insurance replacment or endorsment, exchange of moneys, etc…then I’d think Escrowing it would be prudent.
Zis help at all?