Quote:
Originally Posted by GreatBigRedOne
It leaves instantly. You cannot withdraw it when receiving for days.
I find it hard to believe that Chicago Title Company would hand me title and an insurance policy without the funds in their hands. How does that work?
I made the transfer an hour before showing up at the closing because I didn't want them to have my money one minute longer than necessary. I was told by banker at Chase that the transfer is instant but may take 15 minutes to show up at the title company. The title closer called me, as requested, as I was exiting the bank, and told me they were in receipt of funds.
This is a cash transaction: They removed the cash from my account and placed the funds into Chicago Title's account. How could that take days? My money was gone instantly.