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funding a loan when there is no loan payoff

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TrustUser

Senior Member
What is the name of your state (only U.S. law)? ca

as a small lender, i have always sent my funds to a title company. but there is almost always a loan being paid off.

there currently are no notes on the property in question.

there is still a title company giving title.

how customary is it to wire funds directly to the borrower ?

before we do so, the title company will be sending us a confirmation email that the trust deed has been recorded.

thanks.
 



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