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re: Loan Payoff - Title Company Responsible?

Posted on 2/23/21 at 2:55 pm to
Posted by LSUKTR
Baton Rouge
Member since Nov 2005
1489 posts
Posted on 2/23/21 at 2:55 pm to
quote:

You're likely ok. The mortgage company gives a payout amount that is usually good for a period of time. I suspect they will deposit the check and cancel the mortgage without issue.


Yes, confident it will get paid off, and the payoff amount was through end of month. But every day that goes by before they receive the payoff, another $50 accumulates, which eventually reduces the amount of the overpayment refund and escrow that I get back. Wondering who is accountable for the $50/day that’s racking up.
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