A number of clients have bank accounts in institutions that are out of state, like US Bank or USAA. Subsequently, complications can arise if those clients attempt to have funds wired the day before or the day of closing. A closing could ultimately be delayed due to those unforeseeable obstacles.
Accordingly, the best practice to avoid this predicament is to have clients contact their banks early in the process. The clients can determine - well in advance - what is permissible in regards to wiring funds from their account, and a possible closing delay can be avoided!
Contact me at 434-951-0858 or Tucker@TGBLaw.com if you have questions.
William D. Tucker, III
Tucker Griffin Barnes P.C.