The method of payment for an escrow release is negotiated between the buyer and the escrow bank, and outlined in the Escrow Agreement. Most escrow banks typically distribute the escrow funds via the method used for your closing payment, unless you have provided an update to your instructions. Some escrow banks will only complete payment using a certain method, so your escrow payment will not always match your closing payment. Click here for a typical escrow release timeline.
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Posted in: Clients: Payment Information