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Under the same roof with different insurers (access required)

Carefully read every page of every document you will have to sign at settlement (escrow), and if you do not understand something, ask. If the settlement person is not able or willing to explain, check with your attorney. In fact, if at all possible, consumers should be able to review all of the proposed documents at least one day before the final settlement takes place.

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Earnest money should be escrowed (access required)

DEAR BENNY: Read your article suggesting to never give earnest money to the seller. While that may be a good recommendation for a buyer, it certainly is NOT the best advice for a seller. The seller’s best position, serving his ...

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Remorse may leave no recourse (access required)

DEAR BENNY: What are the obligations of an escrow agent? I signed a real estate sales contract and gave the seller a $10,000 earnest money deposit. He was supposed to escrow those funds until closing. However, I decided not to ...

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Don’t spend that escrow windfall (access required)

DEAR BENNY: We moved to Jacksonville, Fla., in 2010, but still own a home in Pensacola that we are renting to some friends. We got a check in the mail for an alleged overpayment from escrow. I remember telling my wife they had the home insurance wrong on the HUD-1 form, so we figured it was discovered and they reimbursed us. So we used the money to pay bills.

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