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Re: wise or not wise

Posted by Lughead on December 11, 2003 at 11:44 AM

In Reply to: wise or not wise posted by gcastro on December 10, 2003 at 8:10 PM

gastro

the 12/1 payment is for interest accrued in november - so it will either be paid by your payment or in escrow - same money in essence - since in US interest is paid in arrears

just be sure to keep the evidence of payment to give to escrow or like rick suggested maybe pay escrow and have them pay the lender so they know the payment has been made when they order their demand/payoff

also to be fair to the person you bought from - pay on time so as to benefit his credit

another consideration might be - why is escrow being delayed and how feasible is it to close next week ???

like ward writes "hope this helps"


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