What happens to money in escrow?

[greatwhite24]

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?

 

[nalajms]

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.

 

[greatwhite24]

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.

 

[Missyrose]

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.