A definitive, step-by-step guide to understanding the real estate escrow process.When an escrow officer gets the letter, the first step is to review it line by line, checking each item against the original estimate ... date, and irrespective of whether the actual contract calls for a later date, the lendera#39;s demanded date is the one to work by. ... If not, an extension has to be requested, and not only does that takes time, the lender may request that extension penalties be added on. Normally the property is already under foreclosure when a short sale is being contemplated.
|Title||:||The Art of Escrow|
|Publisher||:||Advantage Media Group - 2012-12-24|