Rental Property Investor · Olympia, WA · Member since 2014 · 777 posts · 744 votes
11y
Contact your local sec-8 office and ask what their cut off date is. Different offices have different cutoff times. Ours is about 10 days. Your escrow office will work out the details for you. They may transfer the payments to you out of his proceeds and have him keep the actual check. Bottom line, it will be handled.
Investor · Eureka, CA · Member since 2014 · 233 posts · 222 votes
11y
@Curtis Bidwell is correct, each area's office handles things a bit differently. If you call them and give them a heads up on the purchase and your payment info, they'll let you know the time frame they'd expect to be able to start paying you and stop paying the previous owner.