close of escrow (documents, claim, state, borrower)

[consumer13]

can escrow re-open escrow after it closed? escrow reopened because a lien was not paid out of sellers net proceeds. grant deed and deed of trust were recorded by new borrower when escrow "first" closed, then re-opened again?

[MrRational]

Originally Posted by consumer13

...a lien was not paid out of sellers net proceeds.

WHO managed the closing and presumably managed this payment?

[Lovehound]

I'm under the impression that once the escrow is closed and the deed has been recorded that's the end of all.

If the escrow company mistakenly didn't pay a lien then that sounds like malpractice. They would be lucky to get the seller to return the funds or pay the lien directly.

[FalconheadWest]

That's what an Owner's Title Policy is for. You need to make a claim to the title company and they'll get the lien removed. You pay for this protection for a reason, so this can't happen.

[jackmichigan]

I'd say that it depends. Most closings that I've participated in have documents signed by the parties agreeing to correct mistakes which may have been made. What are the circumstances surrounding the issue? Was the lien disclosed on the closing statements? If not, did the Seller know of the lien? It may depend upon the facts involved so, again...I'd say that it depends.