The escrow period is the time after an offer is accepted and before the buyer takes possession. This is when an escrow account is established and funds are deposited. https://t.co/v09t7hpD3z ...

Core Points - The article discusses the process of selling a vehicle that has a lien on it, emphasizing that while the lien holder has a financial interest, the vehicle owner retains practical ownership [14][24]. - Several methods are outlined for selling a car with a lien, including selling through an auto dealer, executing the sale at the lender's office, having the buyer pay the lender directly, or using an escrow account [26]. Selling Methods - **Sell Through an Auto Dealer**: This method is convenient as dealers handle the lien holder directly, but trade-in values are typically lower than private sales [6][8]. - **Execute the Sale at the Lender's Office**: This is the fastest way to pay off the loan and transfer ownership, but may not be convenient for all parties involved [10][12]. - **Lien Paid by the Buyer**: The buyer can pay the lender directly, which provides assurance that the lien will be cleared, but may delay the seller receiving any excess funds from the sale [13][16]. - **Use an Escrow Account**: This method involves a neutral third party holding funds until the transaction is complete, adding security for both parties, though it incurs additional fees [17][18]. Understanding Liens - A lien holder is a party with a legal interest in the vehicle, allowing them to seize the car if loan obligations are not met [21][23]. - The lien acts as security for the lender, preventing the vehicle owner from selling or disposing of the car without the lien holder's permission [22][24]. - To remove a lien holder, proof of loan satisfaction must be provided, typically by paying off the loan [25].

Well, refinancing a mortgage allows a homeowner to trade in their existing loan for a new one with better terms like a lower principal, interest rate, or monthly payment. But there is a cost to refinancing. Here to break down what homeowners can expect to pay, Yahoo Finance personal finance editor Laura Grace Tarpley.So, Laura Grace, what are some of the closing costs that people have to be aware of with refinancing. >> Hi, Julie. Yeah.So, like you just said, when you refinance your mortgage, what you're ac ...