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Law Educator, Esq.
Law Educator, Esq., Lawyer
Category: Real Estate Law
Satisfied Customers: 116817
Experience:  Licensed attorney practicing landlord-tenant, land use and other real estate law and litigation.
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Can an owner of a mortgage company (holding a real estate

Customer Question

Can an owner of a mortgage company (holding a real estate sales lic ) be a part owner in an Escrow Copmany and an Real Estate Investments company considering the same mortgage company and Escrow co. is doing all the loans please advise.
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Law Educator, Esq. replied 1 year ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
A controlled escrow company may be owned by a mortgage company, an attorney, a title company etc. As long as the escrow company is properly licensed and ownership is disclosed it is not prohibited by law for the mortgage company owner to own an escrow company as well (or be a part owner).