Legal Question in Real Estate Law in Georgia
Entitlement of Escrow Funds
When the person who has mortgage loan is different than the person paying the mortgage, which person is entitled to escrow funds?
Asked on 3/13/07, 11:27 am
1 Answer from Attorneys
Charles W. Field
Charles W. Field, Attorney at Law
Re: Entitlement of Escrow Funds
There is no hard and fast rule about this because the person who is not making mortgage payments may have made contributions to the property so as to entitle him/her to participate in the escrow. Consult with a local attorney.
Answered on 3/16/07, 5:39 pm