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Investment Properties in 19154 : Real Estate Advice

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Activity 1
Sat Dec 29, 2012
Philip J. Cunningham Sr answered:
This is not something that can be explained by e-mail if you call me at 215-725-5700 X49 I can enplane the Tax part and the reason for the additional escrow deposit. I'm going to try but if you get confused please call me. Here we go if you take $2,959 and divide it by 12 The number of escrow payments per year you get the escrow deposit of $246.58 rounded up to $246.59 per month. When you take $1046 and divide that by $246.59 it will give you 4.25 which is the number of months that they want in reserve. This allows for tax increase, missed or late payment or another event which may affect the account I'm doing this without seeing any paperwork Please feel free to call me at 215-725-5700 X49.

Philip J. Cunningham Sr
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia,PA 19152
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