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Question about condo board holding escrow

pinky424 Posted:

Question about condo board holding escrow

I just got off the phone with management from the condo board that I have an appointment with next Tuesday and he said that the board might ask me and FH for 2-3 years of maintenance fees to hold in escrow? That is about 13,000. Has anyone every heard of this?

Sasha96 Posted:

Re: Question about condo board holding escrow

I've never heard of that!

Chloegirl Posted:

Re: Question about condo board holding escrow

Sounds very strange to me....I would never do that!

pinky424 Posted:

Re: Question about condo board holding escrow

That is how I felt. I don't understand that at all. Maybe I heard wrong which I am really hoping I did. I will find out what they meant by next week when I meet them. I just found it very odd that management said that.

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