Posted on: 25th Oct, 2010 09:33 am
We just refinanced our mortgage and when signing our new documents we were told to write out a check to the title company for the balance in our escrow account but to post date the check. They said they wouldn't cash the check until we received our escrow check from our old mortgage company. Is this normal?
As far as I know, this is quite normal for the lenders. You can sign a post dated check for the lender in relation to your escrow account.