Monday, March 23, 2015

My lender has increased the down payment before the closing date. Can I back out and get my escrow refunded

Question

My lender has increased the down payment before the closing date. Can I back out and get my escrow refunded



Answer

That is going to depend on the terms of both escrow instructions. You don't provide much detail and should speak in person with a competent real estate attorney. I am assuming that you have an escrow open for purchase and a separate escrow for financing.



No comments:

Post a Comment