I recently purchased a house and money was held in escrow for repairs. I received an estimate for the repairs and the seller is refusing to pay saying the quoted cost is excessive. Am I entitled to the money held in escrow for the amount of repairs or can the seller deny to pay for them?
3 Answers from Attorneys
ask your lawyer to handle this. if you have no lawyer or your lawyer will not help, then call me.
Robert Davies, Esq.
201 820 3460
An escrow agreement should always be in writing and should specify what it is for and how the money can be drawn. Since you don't seem to have such an agreement, see Mr. Davies answer.
See also: http://info.corbettlaw.net/lawguru.htm
I agree with John. If there is a written agreement I need to see it before I can render a suggestion or respond.
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