Close on the Property (And Celebrate)
Closing day is usually a collection of a few days. The Title Company will receive loan documents 3-5 days prior to close and you’ll have two options: you can make an appointment to sign at the Title Company OR they’ll send the documents to you with a notary to sign in the comfort of your own home. Either way is just fine, but you’ll need to be sure if you’re signing at home that there is time for documents to get back to the Title Company in a timely manner (this only comes into play if you’re signing out-of-state). Both buyers and sellers usually sign all the documents a few days prior to close, so that on closing day, all that is left to do is send the title to record at the County Recorder’s Office.
Your property is officially closed once the title has been recorded, then funding will follow. Depending on which day of the week and the time of day, sometimes funding doesn’t happen until the next day.
Good news? Once it’s funded we can release the keys to your new home to you!