5,254,189
The new TRID regulations require that they be in separate rooms. We used to close in the same room, always had an option to close separately, but not even if both parties are there at the same time, they are in different rooms.
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Candice A. Donofrio
Fort Mohave, AZ
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Fred Griffin Florida R...
Tallahassee, FL
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Richard Weeks
Dallas, TX
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Mimi Foster
Colorado Springs, CO
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Bob "RealMan" Timm
Minot, ND
1,771,967
Off subject and I am sorry Mimi Foster
I have had a buyers and sellers who could not agree and it looked like the deal was dead. I got them in a conference room and they talked and made the deal. This has happened twice in 15 years.
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Allie Angeloni
Oro Valley, AZ
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Candice A. Donofrio
Fort Mohave, AZ
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Richard Weeks
Dallas, TX
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
2,425,026
generally we close together unless it is a toxic transaction - I had one title company try to charge us extra for separate closings - then I reminded them of the dynamics of this particular closing - no charge for separate rooms at separate times - should have been in separate states too
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Allie Angeloni
Oro Valley, AZ
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Richard Weeks
Dallas, TX
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Mimi Foster
Colorado Springs, CO
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Lyn Sims
Schaumburg, IL
290,969
They seldom meet, and do not close the same day, or at the same time, and no lawyers are needed here in AZ Mimi Foster. I can only imagine that if Buyer and Seller were together, that 'one last question' might be asked, or that someone could say something 'in jest' that someone else 'found offensive'. Has the potential to be 'awkward', would be my guess.
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Candice A. Donofrio
Fort Mohave, AZ
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Richard Weeks
Dallas, TX
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Mimi Foster
Colorado Springs, CO
1,089,695
In many states it can be done either way. Here in CA, there's no closing table, but I prefer closings where everyone is present --- if everyone has done their job and put forward good faith throughout the process, 90% of the time it's a pleasant day for everyone, and it's nice to meet, shake hands, and complete the transaction together. As a lender, I like being at a closing table to answer any financing questions that may come up. In CA, I'm always available when people are signing, but it's not quite the same.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
1,603,317
I can drive from San Diego to Seattle faster than we close in Cali. I'm always schooling out of state lenders "we need 2-3 days!"
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
3,988,138
We close in attorney's offices and title companies and they are keeping the seller and buyer separate because of TRID. Before we were all in one big room.
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Richard Weeks
Dallas, TX
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
1,091,505
We do not have settlement table closings in Arizona. I can't think of a single time where buyer and seller were even at title at same time. Lots of out of area people and mobile signing.
If I did work where there was settlement table, I think I would want separate closings too!
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Nina Hollander, Broker
Charlotte, NC
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Allie Angeloni
Oro Valley, AZ
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Mimi Foster
Colorado Springs, CO
1,049,156
It can be done either way in Florida. Sometimes buyer and seller will come to closing. Other times, sellers will presign and not attend closing.
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Nina Hollander, Broker
Charlotte, NC
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Allie Angeloni
Oro Valley, AZ
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Mimi Foster
Colorado Springs, CO
1,746,327
We always try to keep the parties separate until after the closing and then, only if necessary
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Richard Weeks
Dallas, TX
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
2,110,735
In Illinois, we have round-table closings. And unless there is a personality conflict, if the buyers and seller are both attending... we do it all in the same room.
And we have been doing TRID closings, and I have never been told that TRID Regulations require buyers and sellers to be in different rooms. Nina must be doing things a little differently in Charlotte.
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Mimi Foster
Colorado Springs, CO
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Nina Hollander, Broker
Charlotte, NC
4,697,394
In my market(Los Angeles) the buyer and seller often never meet. I have had transactions where I never met the other agent. The closings are fairly uneventful compared to what I have read occurs in other states.
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
846,475
Traditionally we all close together. I am seeing the advantage of separate as more and more people are signing off on their part early.
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Richard Weeks
Dallas, TX
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Mimi Foster
Colorado Springs, CO
4,467,152
Same place, same time, usually at the sellers attorney office...there the papers start shuffling across the closing table for signatures, and keys are given to the buyer!
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Mimi Foster
Colorado Springs, CO
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Nina Hollander, Broker
Charlotte, NC
2,707,776
Buyers and sellers close separately, same day - but at different times. Possession is when funding occurs but the buyer may be an instant landlord if the seller has a temporary lease in place to remain in the home for a short time after closing.
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Mimi Foster
Colorado Springs, CO
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Nina Hollander, Broker
Charlotte, NC
2,227,228
No, same room and same time at the closing attorney's office.
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Mimi Foster
Colorado Springs, CO
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Anthony Acosta - ALLAT...
Atlanta, GA
2,699,987
Same place, same time.
Unless there is animosity between the parties, or hard feelings (say, foreclosure), or if one of the Parties is out of town or out of state.
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
1,157,841
The lawyers handle the closings in Ontario. The buyers and sellers do not meet at closing.
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
4,321,670
Mimi Foster our closings mostly occur at registry of deeds or at attorney's office. Both parties need not be present at the same time - though they are, most of the time.
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
2,492,271
In ND we meet at the same time in the same place but we are not in the same room at the same time. Sellers go in 1st and then when they are done the Buyers go in and sign.
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
1,472,185
We don't have closings. Both Buyers and Sellers have their own lawyers and they handle all title search, funding etc and never do they meet. We Realtors are kept out of the loop too!
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Nina Hollander, Broker
Charlotte, NC
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Susan Emo
Kingston, ON
5,965,942
We do usually have buyers and sellers at the same table, same time. When the transaction has been less than smooth, I try to separate them.
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Mimi Foster
Colorado Springs, CO
5,220,847
Different times always..been doing it for the past 6 years..standard procedure..Trid requires it now.
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Mimi Foster
Colorado Springs, CO
3,986,423
WE close the same day and buyers own the property as soon as all is signed. I would not change it. Once in a while I will keep the parties separate but less than 5 times in the last 5-6 years
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Mimi Foster
Colorado Springs, CO
617,935
Mimi,
Being a broker in Texas before I moved to Colorado we always had separate closings. I still don’t understand why either listing or buyer broker would allow, much less want, a joint closing. I’m for separate closings every time.
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Mimi Foster
Colorado Springs, CO
1,466,257
Mimi Foster Here it has been customary for both parties to close at the same time in the same room. Saved many a closings by being in the same room.
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Mimi Foster
Colorado Springs, CO
6,625,542
We generally get together in the same room, a very pleasant meeting most of the time.
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Mimi Foster
Colorado Springs, CO
917,943
In CT, buyers and sellers are in the same room, both have attorneys present. Sometimes the sellers choose to sign in advance and not attend the closing. The buyers' attorney (interestingly) also represents the lender if a mortgage is involved.
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Mimi Foster
Colorado Springs, CO
3,073,909
5,584,078
we always close in the same room....
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Mimi Foster
Colorado Springs, CO
8,086,411
They are usually in the same room in our area.
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Mimi Foster
Colorado Springs, CO
1,027,657
After realizing all title companies are not the same, we pretty much stick to the title companies we know will get the job done well, so we usually end up with a split settlement. We also have a lot of mailaway settlements due to so many sellers moving out of town before settlement, so more often than not, there is no one else there, anyway.
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Mimi Foster
Colorado Springs, CO
4,434,227
5,067,801
Most time it depends on their schedule and if there animosity during the transaction.
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Mimi Foster
Colorado Springs, CO
1,866,338
All in the same room. Had a cash deal yesterday that took an hour - why I don't know.
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Mimi Foster
Colorado Springs, CO
5,426,991
DSepends on the situation. We can do it either way here!
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Mimi Foster
Colorado Springs, CO
634,582
It was more common many years ago but now they don't meet.
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Mimi Foster
Colorado Springs, CO
2,538,689
Good morning Mimi. I do mortgages in 8 states, Florida is the only title state that buyer and seller are not in the same room.
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Mimi Foster
Colorado Springs, CO
930,119
We close separately the buyers/sellers can close at the title company or many of our closings are by mail. Sellers and or buyers are often out of state at the time of closing and the title company handles everything!
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Mimi Foster
Colorado Springs, CO
223,950
When I used to go to closings in Minneapolis most were in the same room
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Mimi Foster
Colorado Springs, CO
3,208,540
We're an attorney state in GA and while we attend the closing, we don't set or dictate who is there or when it happens. The attorney represents the lender and if we said "we want to have separate closings" the attorney would say, we want to get double pay. So I don't see that happening. Also it's never seemed like not a good idea.
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Mimi Foster
Colorado Springs, CO
681,704
In Wisconsin we usually close at a Title Company and in the same room. However, depending on the buyer's lender - sometimes we close at the Bank and then usually the buyers and sellers are in different meeting rooms to do paperwork and once everything is done we come together to meet and talk about important issues pertaining to the utilities, garbage pickup and mail, etc. and of course handing over the keys!
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Mimi Foster
Colorado Springs, CO
1,713,576
Typically different in Oklahoma City.
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Mimi Foster
Colorado Springs, CO
3,627,372
Usually not at the same time, but it has happened
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Mimi Foster
Colorado Springs, CO
29,294
Here in Pennsylvania buyers and sellers don't always have to be at closing. Sometimes they are not even in the same town. I find that interesting.
The house we purchase was from a family that had already moved out of state.
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Mimi Foster
Colorado Springs, CO
1,280,948
In most cases we close with buyer and seller at the same time. There are some scenarios when we'll do it seperately, generally when they aren't getting along.