Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

104
Posts
61
Votes
Satha Palani
  • Investor
  • Newark NJ
61
Votes |
104
Posts

Possession and ownership after closing - VA state

Satha Palani
  • Investor
  • Newark NJ
Posted

Hi,

I just closed on a house sold by Fannie Mae. At the closing table, my agent tells me the settlement agent / sellers agent instructed her not to give me the keys. Wasn't in a mood to argue, especially since my agent was sure the recording will happen the next day. Now we are 2 days out and still no news, so i call the agent. Apparently they are just recording the deed today.

This messed up my plans a little; no big deal. What pissed me off was the settlement agent telling my realtor that "Virginia law requires that the deed be recorded before the keys be handed over". To me this is pure BS. What does possession have to do with ownership?

To makes things worse, i looked over the contract, and in it Fannie Mae agreed to give me possession at closing; plain and simple.

Has  anyone run into a similar issue before? Is there anything I can to about the fact that i lost 3 days of possession?    

Loading replies...