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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/wotpeed-quotis-the-closing-agent-whos-coming-30506919.aspx

Subject:  Re: Escrow items during refi Date:  1/25/2013  5:32 PM
Author:  JAFO31 Number:  124610 of 127236

WotPeed: "Is the closing agent who's coming to sign the documents going to know the answer to this?"

What documents will the closing agent be signing. Virtually all th loan documents need to be signed by you as borrower. I suspect that the closing agent will not know many (if any) of the details behind the numbers on the closing statement; though he or she should be able to explain the closing statement.

"Will they know what the current escrow account balance is?"

Highly unlikely. Only your the servicer on your existing mortgage is likely to know such balance.

whoever wrote: "After about 3-4 weeks after you close & fund, the prior servicing company will send you a check reflecting the remaining balance of your old escrow account." laregely nailed it.

Regards, JAFO
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