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These clusters guard the escrow records.
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"Plan B is the escrow".
"If a maintenance payment is missed, the co-op can dip into the escrow to cover the payment, and the shareholder then has to replenish the escrow account".
In most cases, Mr. Sladkus said, the maintenance escrow agreement lets the board decide whether to return the escrow after a specific time period or continue holding it.
"This letter is to advise you that the escrow requirement has changed per the escrow analysis completed today," each letter began.
Your article, "When Lawyers Steal the Escrow" (June 5), gave a very misleading picture of the extent of mishandling of escrow deposits by lawyers in real estate transactions.
But the two sides have not bridged the gap on the escrow cutoff.
The union scoffed, and offered to lower the escrow threshold to 54.3% of BRI.
The escrow system may also persuade more bondholders to go along with the "voluntary" restructuring.
He called it — the escrow fund, not the oil spill — "a tragedy of the first proportion".
Fehr said Wednesday the union did not look favorably on the escrow proposal.
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