How do multiple closings work

Financing, Hard Money Lenders, Private Money
1

I’m closing on the sale of my house on a tuesday with title company A

I’m closing on the purchase of new house with title company B on that Friday

I’m closing on the purchase of new house 2 with title company C on the same Friday.

How does the money from sale of my house go to the closing costs for the two new houses? If someone could walk me through the steps or do the title companies work that out?

2

Title will disburse funds on Tuesday which will include a check cut to you for the proceeds from the sale.

Then, you will apply the funds, as needed to the two closings. Assuming you have the funds for both, this will not be an issue, you just bring a separate cashier’s check to each closing for the amount needed.