Provided you are purchasing a home that will be financed, close of escrow (COE) is NOT the day you sign documents but the day of recordation (when the deed is recorded). You MUST sign documents a MINIMUM of 24 hours prior to COE. After signing documents the title company will send the docs to the lender who will fund (usually) by 10 am the next business day. This allows for recordation by 4pm and your keys by 4:01pm.
COE Tip: DO NOT sign or select COE for a Friday, Murphy's Law says you will not get keys until Monday!
Monday, August 31, 2009
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