Asked in MortgagesReal Estate Buying and Selling
Can a seller keep buyer out of the house after contracts have been signed but before funding?
August 29, 2015 4:00PM
Generally, the transfer of the property takes place at the closing. Once the deed has been delivered to the buyer at the closing the property has a new owner. The deed and mortgage are then taken to the land records office for recording. In some jurisdictions the closings take place at the land records office. Once the deed and mortgage have been recorded in the land records the proceeds are handed over to the seller.