[SD Realtor]

Even when a deposit is in escrow, in order for the buyer to get it back, the seller does have to give escrow permission to release the deposit. If the selling entity is in bankruptcy for instance and some entity is empowered (such as receivership) then that other entity would be empowered to continue with the escrow or give escrow permission to release the deposit. In most events the receiver would see to it that conversion of assets to cash is best and would most likely proceed with the escrow. (Note that that is a very speculative statement by me)

SD Realtor

[SD Realtor]

Even when a deposit is in escrow, in order for the buyer to get it back, the seller does have to give escrow permission to release the deposit. If the selling entity is in bankruptcy for instance and some entity is empowered (such as receivership) then that other entity would be empowered to continue with the escrow or give escrow permission to release the deposit. In most events the receiver would see to it that conversion of assets to cash is best and would most likely proceed with the escrow. (Note that that is a very speculative statement by me)

SD Realtor

[SD Realtor]

Even when a deposit is in escrow, in order for the buyer to get it back, the seller does have to give escrow permission to release the deposit. If the selling entity is in bankruptcy for instance and some entity is empowered (such as receivership) then that other entity would be empowered to continue with the escrow or give escrow permission to release the deposit. In most events the receiver would see to it that conversion of assets to cash is best and would most likely proceed with the escrow. (Note that that is a very speculative statement by me)

SD Realtor

[SD Realtor]

Even when a deposit is in escrow, in order for the buyer to get it back, the seller does have to give escrow permission to release the deposit. If the selling entity is in bankruptcy for instance and some entity is empowered (such as receivership) then that other entity would be empowered to continue with the escrow or give escrow permission to release the deposit. In most events the receiver would see to it that conversion of assets to cash is best and would most likely proceed with the escrow. (Note that that is a very speculative statement by me)

SD Realtor

[SD Realtor]

Even when a deposit is in escrow, in order for the buyer to get it back, the seller does have to give escrow permission to release the deposit. If the selling entity is in bankruptcy for instance and some entity is empowered (such as receivership) then that other entity would be empowered to continue with the escrow or give escrow permission to release the deposit. In most events the receiver would see to it that conversion of assets to cash is best and would most likely proceed with the escrow. (Note that that is a very speculative statement by me)

SD Realtor

[SD Realtor]

I have been up there as well. The lots are large as mentioned. I believe that it is a legitimate concern. If Stanpac went broke during the escrow period you would need to figure out how to get your deposit back. However I believe they would go through a reorg in such an event. Not sure how that would affect your escrow. As for the credit back using the preferred lender all of your credits, tax prepayments and such would be paid at COE, up front so to speak. At least that was the understanding I had after talking to one of the sales people about the credit program.

SD Realtor

[SD Realtor]

I have been up there as well. The lots are large as mentioned. I believe that it is a legitimate concern. If Stanpac went broke during the escrow period you would need to figure out how to get your deposit back. However I believe they would go through a reorg in such an event. Not sure how that would affect your escrow. As for the credit back using the preferred lender all of your credits, tax prepayments and such would be paid at COE, up front so to speak. At least that was the understanding I had after talking to one of the sales people about the credit program.

SD Realtor

[SD Realtor]

I have been up there as well. The lots are large as mentioned. I believe that it is a legitimate concern. If Stanpac went broke during the escrow period you would need to figure out how to get your deposit back. However I believe they would go through a reorg in such an event. Not sure how that would affect your escrow. As for the credit back using the preferred lender all of your credits, tax prepayments and such would be paid at COE, up front so to speak. At least that was the understanding I had after talking to one of the sales people about the credit program.

SD Realtor

[SD Realtor]

I have been up there as well. The lots are large as mentioned. I believe that it is a legitimate concern. If Stanpac went broke during the escrow period you would need to figure out how to get your deposit back. However I believe they would go through a reorg in such an event. Not sure how that would affect your escrow. As for the credit back using the preferred lender all of your credits, tax prepayments and such would be paid at COE, up front so to speak. At least that was the understanding I had after talking to one of the sales people about the credit program.

SD Realtor

[SD Realtor]

I have been up there as well. The lots are large as mentioned. I believe that it is a legitimate concern. If Stanpac went broke during the escrow period you would need to figure out how to get your deposit back. However I believe they would go through a reorg in such an event. Not sure how that would affect your escrow. As for the credit back using the preferred lender all of your credits, tax prepayments and such would be paid at COE, up front so to speak. At least that was the understanding I had after talking to one of the sales people about the credit program.

SD Realtor

[SD Realtor]

Your comment about long rate locks apply in any era, today or otherwise. Getting a rate lock over a long period of time is either impossible or very expensive. Also contrary to what another poster wrote, long term mortgages do still follow the 10 year treasury in my opinion. The difference now is that the spread is larger due to the risk premium demanded by the secondary market. What has not changed is that mortgage rates tend to rise immediately when the 10 year rises but they do not fall immediately when the 10 year falls.

HLS is one of the mortgage brokers that comes to mind and posts here. You may want to dig up his posts and get in touch with him to compare programs he can offer verses the ones you have already sampled.

SD Realtor

[SD Realtor]

Your comment about long rate locks apply in any era, today or otherwise. Getting a rate lock over a long period of time is either impossible or very expensive. Also contrary to what another poster wrote, long term mortgages do still follow the 10 year treasury in my opinion. The difference now is that the spread is larger due to the risk premium demanded by the secondary market. What has not changed is that mortgage rates tend to rise immediately when the 10 year rises but they do not fall immediately when the 10 year falls.

HLS is one of the mortgage brokers that comes to mind and posts here. You may want to dig up his posts and get in touch with him to compare programs he can offer verses the ones you have already sampled.

SD Realtor

[SD Realtor]

Your comment about long rate locks apply in any era, today or otherwise. Getting a rate lock over a long period of time is either impossible or very expensive. Also contrary to what another poster wrote, long term mortgages do still follow the 10 year treasury in my opinion. The difference now is that the spread is larger due to the risk premium demanded by the secondary market. What has not changed is that mortgage rates tend to rise immediately when the 10 year rises but they do not fall immediately when the 10 year falls.

HLS is one of the mortgage brokers that comes to mind and posts here. You may want to dig up his posts and get in touch with him to compare programs he can offer verses the ones you have already sampled.

SD Realtor

[SD Realtor]

Your comment about long rate locks apply in any era, today or otherwise. Getting a rate lock over a long period of time is either impossible or very expensive. Also contrary to what another poster wrote, long term mortgages do still follow the 10 year treasury in my opinion. The difference now is that the spread is larger due to the risk premium demanded by the secondary market. What has not changed is that mortgage rates tend to rise immediately when the 10 year rises but they do not fall immediately when the 10 year falls.

HLS is one of the mortgage brokers that comes to mind and posts here. You may want to dig up his posts and get in touch with him to compare programs he can offer verses the ones you have already sampled.

SD Realtor

[SD Realtor]

Your comment about long rate locks apply in any era, today or otherwise. Getting a rate lock over a long period of time is either impossible or very expensive. Also contrary to what another poster wrote, long term mortgages do still follow the 10 year treasury in my opinion. The difference now is that the spread is larger due to the risk premium demanded by the secondary market. What has not changed is that mortgage rates tend to rise immediately when the 10 year rises but they do not fall immediately when the 10 year falls.

HLS is one of the mortgage brokers that comes to mind and posts here. You may want to dig up his posts and get in touch with him to compare programs he can offer verses the ones you have already sampled.

SD Realtor

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