It’s the finish line at the end of a marathon.
It’s what every buyer looks forward to.
It’s the culmination of many different parties working together to achieve one goal: closing.
Unfortunately, not every closing is a walk in the park. While a vast majority of conclusions go smoothly, there are times when they don’t. In most situations, many closings day disasters can be avoided.
As a Knoxville Title Company, we’ve seen a bit of everything, so in this post, we’ll offer up some advice for every buyer to avoid a closing day disaster.
Issues with closing funds are a common closing day disaster. This can cause delays in disbursement and can be stressful for all parties involved.
With so many transactions hinging on the ability to disburse on the closing day, this disaster is one of the most common we see in a title company. This closing day mishap can come in a few different forms; here are some of the most common ways that it tends to happen:
Bringing closing funds in the proper form is an essential part of closing. This is one of the most preventable closing day disasters. We always encourage checking with your bank before closing to ensure if there is anything you need to know about getting a cashier’s check or setting up a wire. It never hurts to be prepared.
As a reminder, our closing funds policy is as follows:
Are you looking for a Knoxville title company? Look no further than Title Group of Tennessee! We are dedicated to providing timely, efficient, and accurate closing services to our clients. Please do not hesitate to contact us about the services we offer or any questions you may have regarding the closing process. Give us a call at 865-392-5801, or send an email to [email protected].
We welcome the opportunity to work with you and are happy to assist you in any way that we can.