Complete Guide to Wiring Funds For Real Estate Closings
How to Wire Funds to Purchase Property
Call the title company and request the wiring instructions. Wiring instructions are usaully provided either over the phone verbally, via a secure email portal, or picked up from the title company in person.
The wiring instructions information you need from the Title Company is:
Bank Name
Bank Address
Bank Phone Number
Routing Number
Account Number
Go to your bank and provide the wiring instruction information provided by the Title Company
In addition to the wiring instruction information provided by title company, also have your bank include the property address to the notes section of the wire transfer’s summary. This gives the title company more context to the payment’s purpose when it comes through on their end and makes it easier for them to locate your funds.
After your bank completes the wire, you should receive a wire receipt.