Home Buying in 85339>Question Details

Frank, Home Buyer in phx

Hello Im in the process of buying my first home. Im receiveing assistants from the City of Phoenix ADDI

Asked by Frank, phx Sun Jan 18, 2009

program. In order for the title to close the deal,besides me signing at closing, dont they need to receive the funds first in order for the house to close?

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Yes, funds would need to be received before you can "close" on the house. Your agent that you're working with should be making sure this happens.
0 votes Thank Flag Link Sat Mar 30, 2013
Ditto. With out the money, there is no sale. Once funds are received title can move forward with closing the deal and recording in your name. Good luck, hope you like the new place.
0 votes Thank Flag Link Fri Aug 13, 2010
Hi Frank!

Are you working with a Buyer's Agent? Yes, the funds MUST be received before the title company can close/record the transaction. But this process is something that your Agent should have covered with you. Did s/he?

0 votes Thank Flag Link Sun Jan 18, 2009
HI Frank,

Yes, title needs to receive all funds in order to close. This include the down payment / closing cost assistance from ADDI. Sounds like something is not right. What's going on?

Buyer's Agent Realtor
0 votes Thank Flag Link Sun Jan 18, 2009
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