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  1. 02-29-2008, 10:13 AM #1
    bugs
    bugs is offline Renter
    Join Date
    Feb 2008
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    1

    Default closing extension addendums

    Is it usual for seller to ask for non-refundable money to be put in escrow for a closing extension? What if this amount is $5,000?!!!
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  2. 03-01-2008, 01:51 PM #2
    carlam
    carlam is offline Condominium
    Join Date
    Feb 2008
    Location
    Tampa, FL
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    234

    Default

    I wouldn't say the norm, but not unheard of. It is within their rights to request it. The sellers just don't want to be left out to dry so to speak and want this to close. Whatever money is requested should go towards the closing costs, downpayment or sale of the property though.
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