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How is money transferred from a buyer to a seller?

Asked by Trulia Philadelphia, Philadelphia, PA Thu May 2, 2013

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Why are you selling or buying a house either way it is done though the Title Company by check from a supervised account. and all the transaction is done with certified funds The buyer brings Cash ie certified check the Mortgage company wires directly into the title company"s account and they pay with those funds If you have any questions please call me at 215-725-5700 X49

Philip J. Cunningham Sr
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia,PA 19152
215-725-5700X49
philcunningham2004@yahoo.com
Web Reference: http://www.GreatPaRE.com
1 vote Thank Flag Link Fri May 3, 2013
The title company is the main link of the transferring of monies between a buyer and seller. The title company will coordinate everything with the buyer's mortgage company and get what is needed for the seller's side through the seller's conveyancers. The mortgage company for the buyer wires the monies in for the mortgage and the buyer brings a bank check for the remaining monies they would owe. Then the title company will pay the seller what is owed and distribute all necessary monies to any and all parties to the transaction.
0 votes Thank Flag Link Fri May 31, 2013
Settlement is through a title company. If you would like a reputable company, just shoot me a message.

Tyler J. Morrison
215-710-0710
Web Reference: http://Philly-Sales.com
0 votes Thank Flag Link Thu May 2, 2013
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