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Dan Horn, Associate Broker at Coldwell Banker Schulz Realty and founder of Team Success, addresses frequently asked client questions in a weekly series. This week’s topic is repair escrow. A repair escrow involves the title company withholding a specific amount of funds from the buyer at closing until necessary repairs are completed. Once the repairs are done, the funds are released to the contractor. Different regulations apply for FHA and HUD escrows, compared to conventional mortgages. Dan shares a personal experience regarding this process when he purchased a house in Lapeer during winter and mentions the inspection phase.