View Full Version : What happens to money in escrow?
04-09-2012, 02:00 PM
I just got my closing papers in. I had a deposit of $1,000.00. They are requesting a cashiers check for the full amount owed. Now what happens to the original deposit put in escrow? Do they mail it back to me and how long does it take?
04-09-2012, 02:27 PM
Your cashier's check should be the full amount minus the $1,000.00 in escrow. Double check your contract. It should state the remaining amount due at closing.
04-09-2012, 02:32 PM
I checked it. They want the full amount. It states there is a $1,000 deposit but it is still for the full amount. I went through Fidelity and its First American Title. Calls were made into both of them, I'm waiting for a call back.
04-09-2012, 03:34 PM
I used Fidelity and First American Title and I sent the cashier's check for the remaining balance for my contract AFTER the $500 deposit.
vBulletin® v3.8.4, Copyright ©2000-2013, Jelsoft Enterprises Ltd.