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Dan Horn, Associate Broker at Coldwell Banker Schulz Realty and founder of Team Success Listing, addresses frequently asked questions from clients. This week, he explains 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 repairs are done, the funds are released to the contractor. Regulations for escrows vary between FHA, HUD, and conventional mortgages. Horn shares a personal anecdote about purchasing a house in Lapeer during winter to illustrate the process. This segment aims to clarify the concept of repair escrows for clients and potential homebuyers.