You submit a buy direction form to your SDIRA custodian who will then send the funds from your account to the title company, attorney, or
escrow agent handling the transaction.
Not exact matches
For states where an
escrow agent or company will
handle the settlement, the buyer, seller and lender will provide instructions.
For example,
escrow agents or
escrow companies in western states
handle the paperwork to transfer title without any attorney involvement.
In some areas attorneys act as settlement / closing
agents or as
escrow agents to
handle the settlement.
Communications: You'll also want to stay in close contact with the
escrow company or
agent who is
handling the closing process.
Closing
agent: A third - party
agent of your choosing (an attorney,
escrow agent, representative of the title company, or a professional closing
agent), who
handles all aspects of the actual transaction.
We have also represented real estate
agents accused of unethical conduct in the listing and sale of real estate before the Department of Consumer Protection — Real Estate Division, insurance brokers accused of improper
handling of
escrow funds before the Insurance Commission, and various other professionals before the State Architectural Licensing Board, the State Board of Examiners for Professional Engineers, the Banking commissioner, and the State Board of Examiners for Nursing.
Typically, the
escrow or title
agent handling the closing transfers the money directly to the Internal Revenue Service and state coffers.
In some states,
escrow agents — typically an attorney or title company —
handle all aspects of a closing; in others their responsibilities begin and end with the earnest money deposit.