What happens with any property tax and hazard insurance escrow accounts I have with the mortgage that is being paid off at closing?
KEY TITLE overnight expresses payoff checks to the lenders after recording the Deed and/or Deed of Trust documents. After the payoff check is received by your lender, any overpayment and/or escrow balances will be refunded to you directly by the financial institution. This typically takes 2-3 weeks.
Related Questions
- What happens to the payment of my taxes and insurance if an escrow account was already established with my previous mortgage company?
- What happens with any property tax and hazard insurance escrow accounts I have with the mortgage that is being paid off at closing?
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