Blog — Vesta Settlements

CLOSING FUNDS: PRIOR PLANNING PREVENTS PROBLEMS

CLOSING FUNDS: PRIOR PLANNING PREVENTS PROBLEMS

SHOW! ME! THE! MONEY!

A settlement agent would never demand that a purchaser “show me the money.” However, the settlement agent must be in receipt of all signed closing documents AND all closing funds for settlement to be complete, as Virginia is a “wet settlement state” – essentially settlement is complete when the ink on the signed closing documents is still wet, theoretically speaking.

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