Escrow & Title
What is an 'escrow holdback'?
AFunds withheld by the lender from the loan amount
BFunds held in escrow after closing to ensure completion of repairs or specific conditions not met at closing✓ Correct
CThe escrow company's fee
DFunds held pending the buyer's final approval
Explanation
An escrow holdback is an amount of money retained in escrow after closing to ensure that the seller or buyer completes agreed-upon repairs, improvements, or conditions. Once those conditions are met, the holdback funds are released to the appropriate party.
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