Monday, February 06, 2012

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Why do I have to pay interest on my loan pay-off past the date of recording?
Sellers Answers

Your lender continues to accrue interest to the date that they post your loan as being paid in full. This could be one or two days from the date your escrow officer sends your payoff check via Federal Express or wire transfer.

 
 




Theresa Holmes & Bob Holmes
John J. Lease Realtors
Theresa Ph: 845-565-2800 x123  -  Bob Ph: 845-565-2800 x137  -  Fax: 845-565-3144
2050 Route 9W
Newburgh, NY 12550
www.holmesrealestate.com

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