@StartingOver10 wrote:Bolilocks, which state are you purchasing in?
Naturally, Dallas is right for wet states (BTW, I always heard the term "table funding states" - same thing though
)
But those states that are escrow type states sign off on the doc's then the deed and mortgage is recorded and you don't get the keys for a couple of days until the deed is recorded. So say you close on a Friday, you wouldn't get the keys until maybe Tuesday. I know California, AZ and some other states work this way. That's why I asked where you are buying your new home.
If you are in a wet state/table funding state, usually it only takes about 1/2 hr or so and a good title company sends over the signed docs the lender needs to review while the buyer is signing off on what I call the 'junk paperwork'. That's is all the other docs in the loan package besides the important ones. The important docs are the note, the mortgage, the HUD1 and the TIL (IMO). Some title companies and/or closing attorney's offices are not quite so organized and it takes a couple of hours. Closing at the end of business on a Friday is a difficult time to get this done timely though. You might want to rethink your closing time.
We're in NY.
We got the clear to close last Friday morning - and the closing is not until this Friday because it was the ONLY time in the entire week the bank lawyer, the seller's lawyer and our lawyer could get together. We can't change it. Plus we have to give the keys back to our landlord Sunday.
@Lemontwist4 wrote:
Boldi if you remember it took several days after close for me to get the keys as we waited on title transfer and loan funding so I would think monday or tuesday is when you should get them
I'm so bloomin' panicking now!
All the utilities have been changed over, the movers have been booked and non-refundable deposit paid, all school info and bussing changed, they already took our garbage can and are leaving one at the new place, mail is redirected from tomorrow, new bed being delivered Saturday. I've even sold my washer, dryer, stove and fridge. 
The seller has the keys and has been out since Sept 1st - I'm hoping he'll just let us have them.
Hmm, that's interesting. I got my keys right at the closing table. And I know the loan wasn't funded until the following week after the deed was recorded. We closed on a Friday morning before a Monday holiday and they gave us the keys at the table and told us the deed wouldn't get recorded till the following Tuesday. I just assumed everyone got their keys at the table.
I guess the thing they were most surprised about was we were not waiting to move into the house. Everyone was so interested in why we weren't moving in the day we closed... we closed on 8/30 and didn't move in until 9/21.
@Amythyst wrote:Hmm, that's interesting. I got my keys right at the closing table. And I know the loan wasn't funded until the following week after the deed was recorded. We closed on a Friday morning before a Monday holiday and they gave us the keys at the table and told us the deed wouldn't get recorded till the following Tuesday. I just assumed everyone got their keys at the table.
I guess the thing they were most surprised about was we were not waiting to move into the house. Everyone was so interested in why we weren't moving in the day we closed... we closed on 8/30 and didn't move in until 9/21.
Amythyst
That's the difference between table funding states ("wet" states) and escrow type states.
When you close in a table funding state, you get the keys at closing and can move right in immediately. NY, where the OP is from, is a table funding state.
I think on here we forget sometimes that there are two methods for closing and if the post doesn't specify the state then the confusion arises. Some of the people on this thread are from escrow states and that's why they had to wait to get their keys. Their closing process is different because they sign the paperwork, then the deed and mortgage are recorded then they get the keys. Fortunately for the OP, she is in a table funding state!
@StartingOver10 wrote:
@Amythyst wrote:Hmm, that's interesting. I got my keys right at the closing table. And I know the loan wasn't funded until the following week after the deed was recorded. We closed on a Friday morning before a Monday holiday and they gave us the keys at the table and told us the deed wouldn't get recorded till the following Tuesday. I just assumed everyone got their keys at the table.
I guess the thing they were most surprised about was we were not waiting to move into the house. Everyone was so interested in why we weren't moving in the day we closed... we closed on 8/30 and didn't move in until 9/21.
Amythyst
That's the difference between table funding states ("wet" states) and escrow type states.
When you close in a table funding state, you get the keys at closing and can move right in immediately. NY, where the OP is from, is a table funding state.
I think on here we forget sometimes that there are two methods for closing and if the post doesn't specify the state then the confusion arises. Some of the people on this thread are from escrow states and that's why they had to wait to get their keys. Their closing process is different because they sign the paperwork, then the deed and mortgage are recorded then they get the keys. Fortunately for the OP, she is in a table funding state!
I didn't forget, I just didn't know, LOL! Thanks for explaining it - there's always something to learn on here! It never occured to me that there wasn't a single way of doing it.
