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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdvicePayoff demand during escrow
Wai Chan's profile image
Wai Chan's profile image
Wai Chan
  • Rental Property Investor
  • from San Diego, CA
  • Member since Mar 17, 2014
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Wai Chan's profile image
Wai Chan's profile image
Wai Chan
  • Rental Property Investor
  • from San Diego, CA
  • Member since Mar 17, 2014
Connect
Wai Chan
  • Rental Property Investor
  • San Diego, CA
39
Votes |
63
Posts
Private Lending & Conventional Mortgage Advice

Payoff demand during escrow

Wai Chan
  • Rental Property Investor
  • San Diego, CA
Posted Jul 20 2018, 21:12

There are multiple deed of trusts recorded on a CA property that is now under escrow. If the contract price cannot cover all the payoff demand, can the seller still close the escrow? What would happen in this kind of situation? Can you give me some suggestion?

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