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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: What if the seller cancels escrow? Posted by Jk on September 12, 2003 at 10:21 AM In Reply to: What if the seller cancels escrow? posted by Dave on September 12, 2003 at 8:55 AM : : : Eric, : : Generally a foreclosure will continue onward to the foreclosure auction unless the delinquents payments are fully reinstated. : : So it would be smart to reinstate now and get a credit for the payment on behalf of the seller at the closing. : Ward, : I've struggled with this, if you reinstate before closing the seller can cancel escrow, if you wait untill after closing the house could be sold or you can have great difficulty reinstating. : How can you guarantee certainty? : Dave Sounds like you answered your own question. To guarantee certainty you need to do a FAST escrow and reinstate after you own the property. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : : : Eric, : : : Generally a foreclosure will continue onward to the foreclosure auction unless the delinquents payments are fully reinstated. : : : So it would be smart to reinstate now and get a credit for the payment on behalf of the seller at the closing. : : Ward, : : I've struggled with this, if you reinstate before closing the seller can cancel escrow, if you wait untill after closing the house could be sold or you can have great difficulty reinstating. : : How can you guarantee certainty? : : Dave : Sounds like you answered your own question. To guarantee certainty you need to do a FAST escrow and reinstate after you own the property. 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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