Collected and Clear Funds...4 calendar days for closing...

Escrow Company/Title Company require to bring onle Collected and Clear Funds...

What is it? And Why does it matter? Title companies have a requirement that all funds come in this form. They require either cashier's check, certified check or wire trasfer. I strongly recomment wire trasfer because all other funds will sit in the bank for 24 hours before they got trasfered to Title company which creates additional wait time.

Wire trasfereds are the best way, or vring your chashier's check a day earlier. Do not forget you I.D. for closing. The notary agent would need a copy of it.

4 calendar days for closing

This means that the transaction has 4 days from when you go to settlement to fund and record. This is CALENDAR DAYS, not business. Here might be a problem, let's say you set up a settlement for a Thursday, everyone signs, everything is fine. Then on Friday you find out that the lender has some "Prior to Funding" conditions and this is going to delay the funding and recording to Monday. OOPS! Monday is holiday, and just like that, the seller is out of the contract and they can potentionally resell the house or accept backup offer.

What is solution?

1. always look at the calendar dates prior to writting offer/contract
2. keep good relationship with another party so they would be willing to extend the date.