Posted on: 19th Jan, 2010 09:28 pm
It came to my attention recently that a check totalling nearly $2,000 was issued as a payoff by the escrow company in the course of securing my home loan. The check was returned uncashed and I located it recently when archiving documents. What happened to this money? I assume it was incorporated into the home loan loan and thus should be reissued to the borrower (i.e., me). Please advise.
You will have to contact your lender/escrow company and clarify the issue. It would have been better if you would have cashed in the check when it was issued to you by them. You should contact them immediately and ask them if they can re-issue the check for you now.