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Get profit from selling property

Posted on: 12th Nov, 2013 11:35 pm
I am selling off my property. At the closing, we will be making some profit. How will it be given to us? I will be using the money for down payment of a new house next week. Will the money be available to me within that time?
Hi Kieara,

You will be getting the money with the help of a cashier's check. You can cash out the check and pay for your down payment. However, if you are using the same title company for closing your loan as well, then they will directly put the money in your escrow account for future use.

Thanks,

Jerry
Posted on: 13th Nov, 2013 12:14 am
Hi Kieara!

Welcome to the forums!

I agree with Jerry. The money will be given to you with the help of a cashier's check. Hopefully, you will be able to cash it and pay for the down payment of your new home.

Feel free to ask if you've further queries.

Sussane
Posted on: 13th Nov, 2013 08:18 pm
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