Hey New CBH Home Owner!
YAY! We’re happy to announce that the Winter 2022/2023 escrow withholds are all wrapped up. To learn more about the winter escrow season, check out the FAQ section below.
What is an Escrow Hold?
An escrow withhold is when your lender requires funds to be held back from Builder's proceeds at closing for work we are obligated to complete per the terms of a buyer's contract agreement. It allows your lender to close on your home, fund the purchase and release funds to CBH Homes once our work is complete.
Why is the house next to me getting landscaped when nobody lives there yet and my escrowed landscaping isn't completed yet?
Great news, you have a new neighbor coming! Since the weather is currently warmer, lenders will not allow buyers to close with any items incomplete on their home. We are required to finish landscaping, painting, etc. on your neighbors home in order for them to close and move in. Sometimes this means your new neighbor might get their landscaping before our landscapers can get caught up on the escrows which include your home.