I'm selling my home, when do I get my mortgage loan escrow balance, if there is any?
Your payoff lender will not deduct your escrow balance, if you have one, from the payoff statement. Rather, they will refund any balance due you some time after receipt of the payoff. In my experience this is typically two weeks to one month. You should make a note on your calendar and follow up because that can be a substantial amount of money depending on the timing of the payoff and the status of your escrow account.

Posted By: Brian D. Lytle, Esq. on Monday, February 07, 2011