InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] I bet some of it belongs to them. Posted by SeanW on June 04, 2003 at 11:33 AM In Reply to: Impound/Escrow Overage posted by Rudy on June 04, 2003 at 8:47 AM Whenever I got an escrow overage check in CA, it came with a leaflet that explained that under CA law, the escrow impounds were limited by forumla to a certain amount. The excess MUST be periodically refunded to the owner. Some of the overage may be attributable to payments the sellers made, before you took subject-to. If it was me, I'd try and figure out what portion of the overage was caused by the re-instatement. The remainder is theirs. You may need the help of an escrow agent to figure it out. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Whenever I got an escrow overage check in CA, it came with a leaflet that explained that under CA law, the escrow impounds were limited by forumla to a certain amount. The excess MUST be periodically refunded to the owner. : Some of the overage may be attributable to payments the sellers made, before you took subject-to. If it was me, I'd try and figure out what portion of the overage was caused by the re-instatement. The remainder is theirs. You may need the help of an escrow agent to figure it out. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455