Escrowing the Difference

If the sellers payment is going to be more than the payment on the real estate contract due to the amount financed or the REC having a lower interest rate then that of the senior lein, the difference can be held in escrow and distributed on a monthly basis. In addition, the difference between the payoff of the REC and that of the senior lein can be added to this amount and held in escrow until payoff to ensure that the seller will be able to allow the buyer to complete the refinance of the Real Estate Contarct.