Notwithstanding the 10-day rule, obligations of $100,000 or more--per fund citation or accounting line on the obligation document--shall be recorded and included in the official accounting records in the same month in … Funding and recording happen on the same day. Get your approved and funded for up to $500k in hours, not days. ESCROW RECORDS DAY AFTER LENDER FUNDS: When escrow receives the wire, they “release” the deed of trust (the mortgage) and the grant deed (putting your name on title) to record at the County Recorder’s Office the next day. No obligation same day business funding. Good luck! Funding happens in the morning. A Final Check The process of funding a loan differs from state to state, but it typically doesn't take place until all the loan documents have been signed and all the funding conditions have been satisfied. “Wet funding”: Much stricter than dry funding, wet funding requires that all of the paperwork needed to officially close the loan must be completed and approved on the exact day of loan closing. The terms "dry funding" and "wet funding" are slang and refer to the state where the funding was started. Recording happens later in the day. County Recorder Holiday Calendar 2015 We are prepared to work late and close your holiday hard money loans.Below is the Southern Californi... What to Expect now That the FHA's 90-Day Waiver has Ended For the past 4 years, investors and home buyers benefited from the Federal Housing Administration’s ... REO Investing in Todays Market Rehab investors and today's market. Confirmation call comes around 5 or 6 PM and you will get your keys then, at night. Additionally, “Closing” also does not mean the day the Lender funds the Buyer’s new mortgage loan. With wet funding, the seller receives funds on the loan closing date or within two days thereafter. Funding often occurs a day or two before closing, and you can't close until it happens. The fee for recording most documents is: $14.00 for the first page and $3.00 for each additional page. This means the money could be in your account within a few hours. The fee for recording the documents listed below is $24.00 for the first page and $3.00 for each additional page. Lv 7. Same Day Business Funding - A New Record Turnaround We have just set a new record for the time it takes to turnaround a business finance enquiry. Confused yet? This fee will be added to your first payment. The timing of a loan’s funding depends on the loan’s purpose (purchase vs. refinance), the occupancy (owner occupied vs. non-owner occupied), and potentially the seller (individual vs. a builder). Kim. Funding happens the day prior to the Closing date, unless of course the file is being set up for a “Special” or “Same-Day” recording, but that is a whole other discussion. We arranged same day business funding for a client, with approximately 7 hours between enquiry and them receiving cash from the finance company. Source(s): Licensed California real estate broker. That day is simply known as the “Funding” date. Apply online or call 888-532-6939 for live rep. 1 0. ibu guru. Most purchase home loans (and non-owner occupied refinances) close and fund on the same day. "Dry" states refer to those states where the paperwork required to officially close a loan does not need to be concluded on the day of closing. As SkyTrailCash.com handles your approval process, our customer service representatives can offer same day funding for a fee of $5. Every effort shall be made to record an obligation in the month incurred. Same Day Funding. 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