It shouldn't be unexpected, but it was. We received a check from our previous mortgage company for $41.79. It says it is an escrow refund, but I believe it is actually excess interest. We did not have an escrow account with them, as we paid our own taxes and insurance.
I think the closing agent asked for a payoff date that was a few days out from actual closing, thus the excess interest.
I'm going to add it to our home sale proceeds since technically that is what it is. I'm going to keep that money separate for the time being. I'm keeping my eyes peeled for a good interest rate on a CD! Anyone know of a good one. I'm looking for something over a year, but no more than 3. I don't want to lock it all in to low for too long. Aren't rates suppose to go up at some point?!
House Proceeds
July 12th, 2012 at 11:13 pm
July 13th, 2012 at 03:07 am 1342145241
July 13th, 2012 at 01:34 pm 1342182855
July 13th, 2012 at 05:36 pm 1342197414