Rainmaker
1,664,236
1,664,236
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!
Title company holds the funds.
May 22, 2015 11:25 PM
Upvote
3
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Kevin J. May
Hobe Sound, FL
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Sandy Padula & Norm Pa...
, CA
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John McCormack, CRS
Albuquerque, NM
Ambassador
2,163,123
2,163,123
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
It puts it in the closing agent's account.
May 23, 2015 12:02 AM
Upvote
2
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Kevin J. May
Hobe Sound, FL
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Sandy Padula & Norm Pa...
, CA
Rainmaker
1,027,602
1,027,602
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.
In Virginia, it would go to the title company, not to the seller.
May 22, 2015 11:33 PM
Upvote
2
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Kevin J. May
Hobe Sound, FL
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Sandy Padula & Norm Pa...
, CA
Rainer
368,326
368,326
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com
i dont think so because title would have to close and record the deal on the following business day then they would distribute the funds to seller , have a good day Chris
May 22, 2015 11:30 PM
Upvote
2
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Kevin J. May
Hobe Sound, FL
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Sandy Padula & Norm Pa...
, CA
Rainmaker
282,018
282,018
Century 21 Town and Country - Royal Oak, MI
#11 Century21 Realtor in the US, #16 in the World
The funds go to the closing agent. In Michigan that would be the title company.
May 22, 2015 11:10 PM
Upvote
2
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Kevin J. May
Hobe Sound, FL
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Sandy Padula & Norm Pa...
, CA
Rainmaker
979,596
979,596
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor
Chris and Dick - In Arizona the funds are held in escrow until closing, so the title company would have the funds.
May 23, 2015 10:58 AM
Upvote
1
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Kevin J. May
Hobe Sound, FL
Rainmaker
4,800,132
4,800,132
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate
I would assume that the wire transfer is going to the title co./attorney's escrow account and not to the sellers.
May 23, 2015 04:33 AM
Upvote
1
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Kevin J. May
Hobe Sound, FL
Rainmaker
1,728,256
1,728,256
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance
Not for us. The funds are held by the title/escrow company until closing occurs.
May 23, 2015 04:07 AM
Upvote
1
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Kevin J. May
Hobe Sound, FL
Rainmaker
3,071,489
3,071,489
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty
Rainmaker
1,770,282
1,770,282
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate
Funds aren't disbursed in Nevada until the sale closes and records. In your scenario, the wire would be held by the title company, a neutral third party.
May 24, 2015 01:40 PM
Rainmaker
913,568
913,568
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor
No. Title companies here don't disperse funds until after deed is recorded. They have 48 hours to record, and money is held in their account until then.
May 24, 2015 08:47 AM