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Old 10-10-2007, 09:54 AM
 
610 posts, read 2,417,939 times
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Does anyone have any experience with this program? Please let me know your thoughts.
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Old 10-11-2007, 06:55 AM
 
Location: Palm Coast, Fl
2,249 posts, read 7,919,286 times
Reputation: 1001
Not through Sun Trust, but through a different bank. Money was held in escrow and the bank released the funds by paying the mortgage monthly until the funds ran out. Buyer was very happy.
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Old 10-11-2007, 07:01 AM
 
2,153 posts, read 4,912,576 times
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This sounds real good. What banks do this? Or do you just have to specify it in the contract?
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Old 10-12-2007, 06:54 AM
 
Location: Palm Coast, Fl
2,249 posts, read 7,919,286 times
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I'm not sure who is doing it right now, but I know that my title companies down here in my area of Florida will do it for me. There is a small maintenance fee they charge. It worked out very well for a couple of buyers who had a home to sell. Gave them extra time and relief from two mortgage payments.
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Old 10-12-2007, 01:55 PM
 
4,548 posts, read 11,604,089 times
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Quote:
Originally Posted by bls5555 View Post
This sounds real good. What banks do this? Or do you just have to specify it in the contract?

Can we Americans not purchase ANYTHING anymore that doesn't involve some bunk marketing gimmick??
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Old 10-12-2007, 02:14 PM
 
2,153 posts, read 4,912,576 times
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Originally Posted by TimtheGuy View Post
Can we Americans not purchase ANYTHING anymore that doesn't involve some bunk marketing gimmick??
Marketing gimmick? That's not what I call it. I call it half a year of mortgage payment free living. Sounds good to me.
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Old 10-22-2007, 04:34 PM
 
4,548 posts, read 11,604,089 times
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Quote:
Originally Posted by bls5555 View Post
Marketing gimmick? That's not what I call it. I call it half a year of mortgage payment free living. Sounds good to me.
"There is no free lunch"

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