Sentences with phrase «earning escrow account»

People would put their money on a specific temperature at a specific time and the money would go into tax free interest earning escrow account.

Not exact matches

Yokum — Do most investors expect that the funds held in escrow pending closing will earn interest (i.e., does it need to be an interest - bearing account?)

Think about the amount of interest earned on tens — or even hundreds — of thousands of dollars deposited in a high yield escrow account for four to six months or longer.

At closing, all funds for renovation will be escrowed in an interest earning account.

Earnest Money ECOA Effective Gross Income (Personal) Effective Rate Endorsement Escrow Escrow Account Escrow Agent Escrow Agreement for Postponed Exterior On - Site Improvements Escrow Company Escrow Contract Escrow Costs Escrow Fees Escrow Payment Evidence of Insurance Exception Execute Existing Construction Existing, Less than One Year Old

Earnest money — also known as an escrow deposit — is a dollar amount buyers put into an escrow account after a seller accepts their offer.

I'd rather earn a little interest instead of having an escrow account!

* «Earnest money» is a small payment — usually 1 % to 3 % of purchase price — put into an escrow account after the buyer signs a purchase contract.

Earnest money is often held in an escrow account, and some mortgage companies require borrowers to pay their property taxes and homeowner's insurance as part of their mortgage payment, which is also put into an escrow account for distribution when due.

And you'll be asking yourself an important question: What happens to the interest earned on the escrow account's balance?

Issues to be addressed include the tax and accounting implications of subjecting employee equity to indemnity escrows or earn - out arrangements; the application of the «golden parachute» tax rules (Section 280G of the IRC) to accelerated benefits and severance pay; and the development of retention arrangements in the form of employment agreements or special cash or equity grants.

By investing the money you'd normally be putting in escrow into a CD, money market account or even a regular savings account, you could earn a bit of a return on your cash in the process.

128 DOS 93 Matter of DOS v. Vuksanaj - motion to conform pleadings to proof granted where (i) additional evidence wouldn't have been presented if the charge had been stated in the complaint and (ii) issue was actually litigated and was within the «broad framework of the pleadings»; broker's authorization to execute lease on behalf of landlord must be in writing to be valid (G.O.L. § 5 - 703); no commission earned on void lease (due to lack of written authority for broker to sign for landlord); broker is undisclosed «double agent» - thus «fails to make clear» for which party he is acting (NYCRR 175.7); broker is not «managing agent» under NYC Rent Stabilization Code unless (i) broker has ownership or financial interest in property or (ii) performs managerial duties; separate escrow account (§ 175.1) not required when broker is not holding escrowed funds; holding funds overnight does not trigger requirement for escrow account (returned next day upon demand); unlicensed name used in commission agreement but lack of intent to mislead considered in mitigation; restitution of unearned commission

Earnest money is placed by the real estate broker in an non-interest bearing escrow / trust account until closing, when it becomes part of the down payment or closing costs.

Escrow accounts are not required to earn interest, although some banks may offer interest - bearing escrow accEscrow accounts are not required to earn interest, although some banks may offer interest - bearing escrow accescrow accounts.