In Oregon we use Escrow company's that collect the money and record the transfer with the County. Then the proceeds are divided and paid out. this would include Title fees back taxes, commissions and anything else to make a clear title before giving the Seller their proceeds.
After signing it usually records the same day if its CASH and a day or so later if its a LOAN that may have to go back for final underwriting.
I have learned after a few years to NOT pick a Friday. I pick Wednesdays. If it has a hiccup it gives us a couple more days before the weekend to record with the county. That's when the Buyers can have the keys. Most want it for a weekend move.
I understand that in parts of the U.S, Attorneys show up with Buyers and Sellers at the same table and money is pushed over and keys are pushed back, not here. In fact Attorneys are not used and Buyers and Sellers do not sit at the table at the same time. How do you pick your closing dates?
Comments (23)Subscribe to CommentsComment