Updated about 6 years ago on . Most recent reply
Closing Issue- Need help
Closing my first deal. I am going to buy cash. Here is the situation:
My closing is on Monday.
I am still waiting on the state to give me LLC formation paperwork. If I go with assumption that I get it on Thursday and I can open account on Friday, I will have to do a wire transfer from personal to LLC. And then on Saturday my plan is to do wire to title company.
My only fear is that on a new account, what if bank puts a hold on my funds? If that happens, I will not be able to do wire to title company?
The seller is refusing to extend the closing even by one more day (really weird seller). On top of it, i have explained that I am not even able to get banker appointment as not all banks are allowing physical meetings due to COVID. Seller or their agent not friendly at all.
Will I loose the deal and earnest money if my funds gets delayed or blocked by bank? What should I