I am supposed to close on March 1st, but the appraiser said the house needs painting before approval for loan.
I have to get an estimate for painting and then they will do an escrow holdback. I think closing will still be the same date and I will have 30 days to get the house painted. Has anyone dealt with something like this before?
My lender will do escrow holdbacks, they told me to get the paint estimate. I am not working with a RE agent, just wondered what to expect with the escrow holdback process.