what happens to the escrow money when you sell your house?

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what happens to the escrow money when you sell your house?

2006-08-18 08:23:13 · 2 answers · asked by kelley b 2 in Business & Finance ➔ Renting & Real Estate

2 answers

Assuming you are referring to the escrow for property taxes and insurance that you may be paying monthly with your mortgage payment, that unused escrow will be refunded to you within 45 days after the loan is paid off.

2006-08-18 08:32:48 · answer #1 · answered by larry r 3 · 2⤊ 0⤋

If you are referring to the earnest money it is disbursed as sales proceeds from which the agents fees and other closing costs are taken out........

2006-08-18 15:33:02 · answer #2 · answered by boston857 5 · 0⤊ 1⤋