what are escrow holdbacks: Portland Real Estate Questions: What is an Escrow Holdback?
- 06/05/12 07:39 AM
Portland Real Estate Questions: What is an Escrow Holdback? Escrow Holdbacks have become uncommon in the Portland Metro real estate market. When I first started to practice real estate in 1999 Escrow Holdback were common. But, common or not . . . what are they? An Escrow Holdback: Created in a real estate purchase Is mutually accepted between Buyer and Seller Provides instructions to escrow to holdback proceeds from the sale. An escrow holdback is used when the Seller agrees to make repairs on behalf of the Buyer but needs funds from the close of the transaction to pay for them. In these cases, … (5 comments)
Portland Real Estate Questions: What is an Escrow Holdback?
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