Join Date: Jun 2011
Location: Indian Ocean
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Re: What Is A Boat Really Worth?
Most brokers will have an escrow account where deposit funds are held. Sometimes the actual closing, final disbursement of funds may take additional time when survey findings need to be taken care of. On my purchase there were several items that needed to be remedied before the deal was closed. My check was cashed into the escrow account. When all survey items were completed, the balance due was paid and everybody was happy.
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