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ssldenver · Joined: 28 Oct 2009 Posts: 1 1.32 Dollars($)

I recently refinanced my loan. The old mortgage company lost the check after signing for it on the 7th. They didnt post the payoff until the 21st and assured me it would be backdated to the 7th. Now they are telling me I have to wait 25 days from the 21st to get my escrow refund. Isnt there a limit to this and shouldnt my 25 days have started on the 7th when they received the payoff?

jveenstra · Posted: Wed Oct 28, 2009 2:27 pm Post subject: Escrow Refund

I am not aware of any time restriction on refunding escrow balances after a refinance.

There may be one, but, I have nevr heard of one in 23 years.

gmakerley · Posted: Thu Oct 29, 2009 8:58 am Post subject:

given the original time lag, which appears to have been simply sloppiness, i don't imagine there can be too much that can be done about a delay in getting an escrow refund. i, like john, don't have knowledge of any specific timeframe in which to forward refunds.

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rules about escrow refunds