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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Jousting with the right of reinstatement - revisited Posted by Greg on April 28, 2002 at 3:02 PM Ward, back in November you and Dave were talking and you said: "Dave, we also reinstate the delinquent payments directly rather than through any escrow or title company." I don't understand this process. Don't the escrow instructions usually say essentially to pay the money (to existing lender and seller) when the deed, title ins, disclosures, etc are received? Isn't that why we need an escrow - to make sure all parties perform all steps before closing? When do you reinstate, before or after recording the deed? If done "outside of escrow", how do you explain this in the offer and/or escrow instructions? Greg Follow Ups: More edification on the topic of reinstating an existing lien. Ward-CA- 3:42 PM, 04/28/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, back in November you and Dave were talking and you said: : "Dave, we also reinstate the delinquent payments directly rather than through any escrow or title company." : I don't understand this process. Don't the escrow instructions usually say essentially to pay the money (to existing lender and seller) when the deed, title ins, disclosures, etc are received? Isn't that why we need an escrow - to make sure all parties perform all steps before closing? : When do you reinstate, before or after recording the deed? : If done "outside of escrow", how do you explain this in the offer and/or escrow instructions? : Greg Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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