Once the contract is signed, an escrow account is opened. On your closing date (which you determine), the escrow agent will send the payoff amount to your mortgage lender, and the remaining funds will be wired to your bank account.
Related Sellers FAQs
What is a survey and how do I know if I need one?
What happens at the final walkthrough?
What happens to my appliances when I move out?
When do I need to move out of the house?
Have more questions?
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