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closing ?
we're closing tomorrow on our first house (eek i'm freaking out!!!)
Our attorney just called us and we have to bring 3 checks?
one to the title company
one to the real estate broker for the seller and one to our real estate broker.
everything else is supposedly in the amount we're getting from the bank
does this sound normal?
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Posted 9/10/12 5:47 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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closing ?
Yup
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| Posted 9/10/12 6:07 PM |
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Re: closing ?
why do they get made out to the real estate agents and not the bank? i'm so confused. i think stress has gotten the best of me
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| Posted 9/10/12 6:11 PM |
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Re: closing ?
You have a certain amount of money that is due at Closing to sellers. Often sellers will ask that a portion of the amount due to them be made directly payable to the Real Estate Agents that they owe a commission to. It simply avoids them having to get a check from you to turn around and make a check out to the realtors. Sellers can ask that the checks be made out to whomever they like, for example, if they owed money on their property a purchaser will sometimes cut a check to the sellers’ lender. It depends on the transaction but it is very common for checks to be made out to people other than directly to sellers.
Hope that answers your questions. Congratulations and good luck!
Kristen M. Breglio, Esq.
The Breglio Law Firm, PLLC
1225 Franklin Avenue, Suite 325
Garden City, New York 11530
p: 516.240.8033
f: 516.240.8032
www.thebregliolawfirm.com
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| Posted 9/10/12 6:51 PM |
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ny55angel
car seat tech & geek :-)
Member since 2/06 4346 total posts
Name:
P
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closing ?
That's all I had to bring that was certified. Then I had to bring my personal checkbook and write a few more while I was there.
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| Posted 9/10/12 9:28 PM |
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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
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Re: closing ?
we just had one certified check for everything..
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| Posted 9/11/12 10:40 AM |
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TiggerBounce
The Prince & Princess
Member since 7/05 4939 total posts
Name:
J
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Re: closing ?
Thinking of you today!!!!!!
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| Posted 9/11/12 2:30 PM |
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