Holdback Escrow
A holdback escrow retains a portion of funds after closing pending satisfaction of defined obligations (for example, delivery of a recorded document, a tax adjustment, or resolution of an identified issue). Structurally, it is a post-closing conditional-release escrow.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Closing → post-closing cure
- Property types
- All asset types (common in deals with post-close deliverables)
Read more in the Knowledge Base
Closing Process
- Closing (Settlement)
- Closing Disclosure (CD)
- Contract Deposit (Earnest Money) Escrow
- Escrow
- Escrow Agent
- Estoppel Certificate
- Loan Estimate (LE)
- Mansion Tax (Additional NYS Transfer Tax)
- Mortgage Recording Tax (NYC)
- NYC Real Property Transfer Tax (RPTT)
General information, not legal, tax or financial advice.