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Updated about 7 years ago,
Mail Away Closing does the seller have to wait to receive money
Hi me and my wife are selling our first property. The seller is out of town so it will be a mail away closing. My agent also said that the person loan is also from out of state. I am in Florida. So my agent text me yesterday stating would i rather bring in a blank check for wiring our money or would we rather pick up the check a few days later. She states the wiring will be a lot faster but I don' t understand why we have to wait to get our money if they going to already have the keys. The agent say its because its a mail away and the buyer is not here. When we purchase the property the seller came and did his closing before us and left with his check. I don't understand why we can't get a check the same day as closing. Will somebody please let us know f this is normal to wait to receive your funds. What should we do just take the blank check and wait for wire transfer or should i be putting pressure towards getting our check at closing. Please help the closing is monday.