Posted by John Smith, IV on September 24, 2003 at 01:28:12:
In short YES!
The 20K will go to an escrow account.
The 100K will also go to the same escrow account.
When the closing agent closes the deal she will distribute the money due to each party accordingly.
In your case, there will be 120,000 credited, but after the whole transaction costs are deducted there will still be a credit.
They will have to cut a check for you.