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Conchita

Junior Member
What is the name of your state? MA

When a deposit is put in escrow on the purchase of a home, who gets the interest at the closing, the buyer or the seller?
 


nextwife

Senior Member
I shall check out MA. In our state, there is no interest on escrow funds unless the offer to purchase and escrow agreement specifically addresses it. And in that case, the party to whom the interest accrues pays additional escrow costs because of the additional tax reporting requirements that interest creates for the escrow provider.
 

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