When will I know how much money I need for settlement?
As soon as figures are available from the lender, we can prepare a final closing statement (“HUD”-1). Typically, this will be a day or two prior to closing. If the final settlement figures are not available in time for you to wire funds to us, go with the good faith estimate provided by your lender. Lakeside Title accepts personal checks for the difference of up to $2,000. If the good faith estimate is too high, we will gladly cut a check for the difference.
What type of payment is required for closing?
Wire transfer of funds is required for any monies due over $5,000.00. We cannot accept ACH credits. An actual wire transfer must be sent. We accept certified, treasurer’s or bank checks up to $5,000, but they MUST be payable to LAKESIDE TITLE COMPANY. Personal checks are accepted for funds due under $2,000.