Why do we have to wait for the check?

My mother is selling her house in Arkansas, and the closing is Monday. My mother's realtor informed us yesterday that when we arrive, we will sign documents, and then the paperwork will be delivered to someone, and a check issued. That will take half an hour to an hour after the signing of all the paperwork. People I know are telling me that there should already be a cashier's check there. Should I be worried?
  • December 21 2013 - Hazen
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Answers (3)

Call the title company this does commonly occur but the best way to alleviate your fears will be to talk to them directly. Make sure you get direct answers to all your questions. Team Brinkley has most of the possible outcomes listed.

Good Luck!
  • December 21 2013
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You should not be worried, but you should get your answers from the escrow company.

All the best,
  • December 21 2013
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Seems the good news here is that a Realtor and Best of All a Title Company is involved. This is a good question for the Title Company. 
There are several reasons why the check might not be ready. 
1. The funds are being wired transferred and the due diligence of the buyer is to make sure the deal is going to close.
2. The buyers are closing right before you and the finance company cannot release the funds until the buyer signs the documents.
3. Sometimes the lender does not get the funds to the closing company right away.
4. Maybe an attorney is closing the buyers side and they will release the funds after you sign.

The Title Company should be able to answer these questions. 
All should go well. 
  • December 21 2013
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