Mortgage Funds distrubution to Seller?
I am wondering in what form are the mortgage funds distributed from lender to vendor during closing of the title?? Is it wired to merchant's dune statement or is it contained by the form of a certified check?
Answers:
As the buyer, you hold no vote within how the street trader chooses to receive his funds.
He may choose to enjoy a check, or to own the funds wired into his reason.
your choice
Either
Could be any route. The title company may ask you or they may do it the method they other do it.
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Answers:
As the buyer, you hold no vote within how the street trader chooses to receive his funds.
He may choose to enjoy a check, or to own the funds wired into his reason.
your choice
Either
Could be any route. The title company may ask you or they may do it the method they other do it.
that's funny, i purely come across the answer to this on this site. check it out!