Baymule
Herd Master
Are you packed and ready to go? 
Misfitmorgan's Journal - That Summer Dust
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misfitmorgan
Herd Master
No im not packed lol.
We will be packing anything we dont need on a daily basis this weekend and upcomming week. Next weekend we will pack everything we can live without for 2-3 days. Sunday night the trailers will arrive and be loaded, the livestock will be locked in the barn and their pasture fence taken down to be put up at the new place. The temporary stall panels we have in the barn will be taken down and taken to the new house to enclose the few piglets we have left and our minis. DH and i both have monday and tuesday off so monday we will enclose the "wood shed" on one end and make a small pasture area on the other end out of hog panels for the pigs. Red and Spot should be going to their owners house so that only leaves us Eva and Sara for the big girls. Laverne will go in with the big girls. The herefords, barrows, and pink gilt will go into the temp pasture with the goats, sheep and llama. Tuesday we will be buying some cheap field fence to make a dog fence in the back of the house for the dogs. Hopefully that plan will work and hold everyone for a week or two until we can do something more permanent/get more money![:\](/styles/default/xenforo/smilies/side.png "side :\")
We will be packing anything we dont need on a daily basis this weekend and upcomming week. Next weekend we will pack everything we can live without for 2-3 days. Sunday night the trailers will arrive and be loaded, the livestock will be locked in the barn and their pasture fence taken down to be put up at the new place. The temporary stall panels we have in the barn will be taken down and taken to the new house to enclose the few piglets we have left and our minis. DH and i both have monday and tuesday off so monday we will enclose the "wood shed" on one end and make a small pasture area on the other end out of hog panels for the pigs. Red and Spot should be going to their owners house so that only leaves us Eva and Sara for the big girls. Laverne will go in with the big girls. The herefords, barrows, and pink gilt will go into the temp pasture with the goats, sheep and llama. Tuesday we will be buying some cheap field fence to make a dog fence in the back of the house for the dogs. Hopefully that plan will work and hold everyone for a week or two until we can do something more permanent/get more money
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- #1,213
misfitmorgan
Herd Master
T-11
Baymule
Herd Master
Moving is a LOT of work, but it is work for a much better life on your own place. We are patiently waiting on pictures.
Bruce
Herd Master
T-6, everything still good?
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- #1,216
misfitmorgan
Herd Master
T-5 everything seems fine.
I signed more papers yesterday and sent them back.
There is one small conflict i need to sort out today. The bank told me i MUST have the funds for closing drawn off my account into a cashiers check and bring it to closing.....the title company say i MUST wire the closing funds from my account to their account before closing.
Supposedly this is because they are doing the closing in the title office in Kentucky and I'm signing here for "convenience" like it would be an option to require me to go to Kentucky to close.
So anyhow I just need to call the bank today and see if I am allowed to wire the money and what they would require for me to do that. The realtor said I would need a "wire proof receipt" and could take that to the cosing place for the bank to have proof.
I signed more papers yesterday and sent them back.
There is one small conflict i need to sort out today. The bank told me i MUST have the funds for closing drawn off my account into a cashiers check and bring it to closing.....the title company say i MUST wire the closing funds from my account to their account before closing.
Supposedly this is because they are doing the closing in the title office in Kentucky and I'm signing here for "convenience" like it would be an option to require me to go to Kentucky to close.
So anyhow I just need to call the bank today and see if I am allowed to wire the money and what they would require for me to do that. The realtor said I would need a "wire proof receipt" and could take that to the cosing place for the bank to have proof.
Wiring the funds is the proper way.
They (bank) require a cashiers check at closing as a stipulation that most title companies will NOT accept a personal check or cash and DO require verified funds that can't be "stopped" by the buyer. Once you have the cashier's check, the only way to stop it is to cash it back into your account, which you obviously can't do once you've given it away. Since the closing is in another state, the cashier's check is an obvious no go. Just call the title company and get specific wiring directions from them to provide to your bank. Then have your bank wire the funds directly to the title company's account.
You can wire the funds in advance if you want, even if you don't know the exact amount. This will ensure there is no delay in closing while the title company waits on your "wire". If you wire a little over what the final amount is, the title company will mail you back a check for any overage. If you insist, they would probably wire it back although that's not typical as there are wire fees involved. In addition, that extra $$ is held in their account earning interest while they wait for you to get the check and cash it. It doesn't amount to more than pennies, but those add up over time with each closing they do every month.
Getting closer...
They (bank) require a cashiers check at closing as a stipulation that most title companies will NOT accept a personal check or cash and DO require verified funds that can't be "stopped" by the buyer. Once you have the cashier's check, the only way to stop it is to cash it back into your account, which you obviously can't do once you've given it away. Since the closing is in another state, the cashier's check is an obvious no go. Just call the title company and get specific wiring directions from them to provide to your bank. Then have your bank wire the funds directly to the title company's account.
You can wire the funds in advance if you want, even if you don't know the exact amount. This will ensure there is no delay in closing while the title company waits on your "wire". If you wire a little over what the final amount is, the title company will mail you back a check for any overage. If you insist, they would probably wire it back although that's not typical as there are wire fees involved. In addition, that extra $$ is held in their account earning interest while they wait for you to get the check and cash it. It doesn't amount to more than pennies, but those add up over time with each closing they do every month.
Getting closer...
Bruce
Herd Master
Man that is all just too confusing. Makes sense but geez. Guess we are lucky. Bought this house with enough down there was no title insurance. And the loan is at the local credit union I have belonged to since 1979. No checks, personal or cashier, they just took it out of the account. Didn't know what a PITA it is for other people!
Start packing those boxes @misfitmorgan
Start packing those boxes @misfitmorgan
greybeard
Herd Master
Sold some property here in 2015. Closing was done by buyer with a cashier's check. I saw it paper clipped on the folder as I was sitting there signing all my parts. His check to me for the property was paperclipped on my folder.
I cannot imagine buying property without title ins tho, especially not in this state with all the old early Republic of Texas/Spanish land grant titles floating about. Someone contested a piece of property my father had owned for 15 years over one of those old land grant titles..that someone just showed up at the door one night thanking my father for "taking care of my property for the last decade"..It went to some kind of court and it was over in 15 minutes, the guy lost.
I cannot imagine buying property without title ins tho, especially not in this state with all the old early Republic of Texas/Spanish land grant titles floating about. Someone contested a piece of property my father had owned for 15 years over one of those old land grant titles..that someone just showed up at the door one night thanking my father for "taking care of my property for the last decade"..It went to some kind of court and it was over in 15 minutes, the guy lost.
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- #1,220
misfitmorgan
Herd Master
I talked to the bank they said wiring is fine. They have all the info I just need to go to the bank today and sign some sort of paper and then bring the receipt for the wire to the closing with me.
I do know the exact amount needed to close, it was on the paperwork i had to sign on tuesday. Turns out it is $300 less then they told me it would be...which i'm fine with
Things so far look to be all set for the closing. Paperwork other then closing day stuff is all signed. Money will be wired today. Then thats it I think.
I so hope it goes something like this Monday
Sign, sign, sign, sign, sign, sign, wire receipt, sign, sign ,sign, sign some more.......here are your keys congratulations and enjoy your house! I was told it is possible there is a delay with the title company because of funds....so hopefully me wiring the funds today will avoid any delay.
As far as I know Michigan requires title insurance because we have had land issues as well and a lot of land in Indian Reserves, National Parks, State Parks, DNR land, Protected Wetlands, if the "lake" on the property is private or public, if there are any "right of ways"/easements, etc. We also have to know if mineral rights are included in purchase and thats something the title company also checks as well as if the property is in a flood zone. The need for title Insurance is not related at all to down payment size in this state...PMI is though, found out I will be paying $55/month to them for that.
I do know the exact amount needed to close, it was on the paperwork i had to sign on tuesday. Turns out it is $300 less then they told me it would be...which i'm fine with
Things so far look to be all set for the closing. Paperwork other then closing day stuff is all signed. Money will be wired today. Then thats it I think.
I so hope it goes something like this Monday
Sign, sign, sign, sign, sign, sign, wire receipt, sign, sign ,sign, sign some more.......here are your keys congratulations and enjoy your house! I was told it is possible there is a delay with the title company because of funds....so hopefully me wiring the funds today will avoid any delay.
As far as I know Michigan requires title insurance because we have had land issues as well and a lot of land in Indian Reserves, National Parks, State Parks, DNR land, Protected Wetlands, if the "lake" on the property is private or public, if there are any "right of ways"/easements, etc. We also have to know if mineral rights are included in purchase and thats something the title company also checks as well as if the property is in a flood zone. The need for title Insurance is not related at all to down payment size in this state...PMI is though, found out I will be paying $55/month to them for that.
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