question, wiring in closing cost?

[ways2go]

I'm closing on a house Friday. It's the house that we want. The seller was selling it for 164.5k. They were going to pay closing costs. Everything was a go until the va appraisal came back at 147k. The seller totally redid the house inside and out. The seller said they couldn't sell it for 147, so we looked at other houses. We didn't like any other houses. So I said I'll pay the closing costs and over look some minor issues and do then myself. The question I have the attorney that is having the closing Friday, said to my wife that the closing cost will have to be wired in. I don't feel right about wiring it in, instead of giving them a certified check at closing. I never heard of wiring anything in before closing. Has anyone?

[jexxie]

Yes, I have on here.

[StartingOver10]

Wiring in the funds to close is pretty much SOP now and has been for the last few years.  Especially if you are in a table funding state.

You aren't wiring to the seller. You are wiring to the title company or closing attorney's firm. They hold the funds in escrow until the closing. If you wire in too much, you will be refunded at closing.

[ezdriver]

I'm a sales counselor with a national builder. Our closing agent, a national title company, will only accept wired funds for closing ... no checks of any kind. They told us that there had been many transactions in which fraudelent bank/certified checks were used. So, get used to it as that is pretty normal procedure.

[Gunnar419]

Yep. Wiring to the title company is common now. I had to do it on my last house purchase, too.

[ways2go]

thanks, that is what we found out.  You wire it to an escrow in your name.   Thanks for your answers.

[unc0mm0n1]

I'm wiring mine in tomorrow.

[Legal_Girl]

I close on Thursday afternoon. Navy Federal CU gave me the option of wiring from one of my accounts or bringing a check...savings account please!!!!!

[DallasLoanGuy]

they cant steal your money.....  just take the path of least resistance and comply