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Updated almost 2 years ago,

User Stats

40
Posts
9
Votes
Petya Toncheva
  • Rental Property Investor
  • Fairfield County
9
Votes |
40
Posts

Clear to close on Wednesday, bank funds won’t clear until Friday

Petya Toncheva
  • Rental Property Investor
  • Fairfield County
Posted

Hi BiggerPockets family,

so I am elated and frustrated at the same time. I finally found a two family home in Fairfield Connecticut, after a year long search.

I am clear to close at the attorneys office on Wednesday, however, my bank funds won’t be available until Friday, which is when the deposits that I made into my account will be available.

I have a couple of questions here

1) if I wire the money on Wednesday at the attorneys office, will the wire bounce, even though the funds are pending?

2) is it better to tell the attorney that I will need a couple of more days before closing?

Any and all advice would be appreciated, especially if anyone has been in this situation before.

Thank you and have a great evening.

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