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We have a "required" escrow account. What will happen if we continue to pay our mortgage of $2,100, but stop paying the escrow of $600 that is heaped on topp? We want to pay the taxes and insurance ourselves but are being told we "can't" because we owe more than 80%. Is this a law in California or just something the lender wants us to do? Seems to me that it's another area that someone wants you to just do as you are told and not question it. Does this break the terms of our loan even though we are paying the premiums? Our loan docs seem very vague in this area.
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