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Colleen F.
Pro Member
#3 Managing Your Property Contributor
  • Investor
  • Narragansett, RI
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AZ Closing and no immediate possession is that right??

Colleen F.
Pro Member
#3 Managing Your Property Contributor
  • Investor
  • Narragansett, RI
Posted Apr 14 2016, 17:24

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?

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