AZ Closing and no immediate possession is that right??

[Colleen F.]

Ok so, I have bought houses in several states and years ago in AZ as well and I don't remember this happening.  Normally  when I have gone to closing we do a walk thru, go to the closing table and sign, wire money or deliver a check,  and immediately get keys and take possession.  We are purchasing a property in AZ and we are told we close and the loan funds a few days later and then we get keys, is that right??

I was planning to go out for close and find this out. It is a personal purchase and the title company is handling but I don't remember this before and it is very inconvenient.  What are they waiting for?   Would this be usual for AZ?

[Stone Jin]

Basically the title company won't record til the funds are received.  Once all the money is at title, then title will record and once it records you will get keys.  I won't want to hand over the keys to a house I'm selling unless it has recorded otherwise if you get hurt while I still legally owned the property....