OT: stupid question, Escrow? |
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OT: stupid question, Escrow? |
SirAndy |
May 23 2008, 05:25 PM
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#1
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Resident German Group: Admin Posts: 41,813 Joined: 21-January 03 From: Oakland, Kalifornia Member No.: 179 Region Association: Northern California |
How exactly does Escrow work? (IMG:style_emoticons/default/idea.gif) from what i gather, the escrow company is kinda like a Notary with a Bank and i put in the funds and they'll hold them until certain terms in the sales contract are fulfilled and then release the funds to the seller ... am i close? (IMG:style_emoticons/default/shades.gif) Andy |
rhodyguy |
May 23 2008, 10:49 PM
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#2
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Chimp Sanctuary NW. Check it out. Group: Members Posts: 22,188 Joined: 2-March 03 From: Orion's Bell. The BELL! Member No.: 378 Region Association: Galt's Gulch |
the escrow co should provide info as to any liens. you don't want to be assuming anyone else's headache. do you have an attorney?
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