Escrow & Title
What is an escrow holdback in a Kansas closing?
AFunds held by the seller pending buyer payment
BFunds withheld from the seller at closing to ensure certain repairs or conditions are completed✓ Correct
CThe earnest money returned to the buyer
DThe lender's origination fee held in reserve
Explanation
An escrow holdback retains a portion of sale proceeds with the escrow/title company to ensure the completion of agreed-upon repairs or other conditions after closing.
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