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dan horn the Associate Broker for Coldwell Banker Schulz Realty and founder of team success listing hey you know over the years we get asked many questions from clients and sometimes the same question keeps popping up all the time so we thought wed start answering some of these questions on a weekly basis just in case you have that question or maybe youre in that particular situation right now so this week were going to talk about what does they repair escrow so a repair ESCO its pretty simple basically on an escrow when you go to closing the title company will withhold a set amount of funds from the buyer until different repairs can be made and then they release the funds to the contractor and and everybodys everybodys done with that part of it FHA and HUD have different rules for escrows and how they operate them and the likes but for a conventional mortgage and I can give you a case in point I had bought a house in Lapeer and it was in the wintertime and during the inspection
