DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: Why Are Title Companies Closed on Weekends?
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > Blog > Why Are Title Companies Closed on Weekends?
Blog

Why Are Title Companies Closed on Weekends?

4 Min Read
SHARE
Why are title companies closed on weekends? Title expert Lydia Blair explains.

By Lydia Blair
Special Contributor

Realtors work weekends. It’s just part of the business. The real estate industry operates seven days a week, with agents showing homes and submitting contracts any day of the week. To be successful, there isn’t an easy way around it.

So why aren’t title companies open on weekends as well? After all, the title industry revolves around real estate agents and the business they bring the title companies.

Title companies, like lenders, assessors, and banks, are open only on weekdays.

The short answer is that we like to have our weekends off. And federal holidays too. But that flippant response probably wouldn’t sit well with the hardworking agents who bring us business – and whose business keeps us alive. Truthfully, there are several really valid explanations for why title companies are closed on weekends.

To begin with, financial institutions, like mortgage companies, are closed on weekends. Therefore, they can’t fund a transaction. More importantly, they aren’t available to answer financing questions. Often buyers have last minute queries about their home loan. Their lender – not their Realtor or the title company – needs to be the one to answer them. They may want clarification on how their insurance or taxes are being escrowed. Or perhaps they have an issue with their appraisal costs or loans fees. Last minute questions are common and are handled easiest during weekday business hours.

Other important institutions are also closed on Saturdays, Sundays and holidays. Taxing authorities and court house recording departments are typically closed on weekends. Other real estate related businesses, like home warranty companies and insurance firms, may have claims representatives available on weekends, but their sales and new policy departments are likely not available to take requests.

Occasionally an escrow officer is willing to sign paperwork with a buyer or seller on a weekend and then arrange for funding and recording of paperwork on the next business day. However, some title companies consider it a risk they aren’t willing to take. When it comes to the real estate closing, there are too many moving parts and participants who may need to be contacted on closing day.

Most contracts call for possession of the property to convey to the buyer at closing and funding. Funding is the important word here. It means that until the full funds for the purchase have been received and confirmed by the title company, the buyer does not take possession of the property. No keys and no moving in until the business deal is really done. And that kind of business is only really done during weekday business hours.

The opinions expressed are of the individual author for informational purposes only and not for the purpose of providing legal advice. Contact an attorney to obtain advice for any particular issue or problem.

Showcasing Wildlife Photography with HD Metal Prints
Anyone Ever Heard of HAVEN Dallas/Fort Worth?
Incredible Storm Wreaks Havoc on Dallas, Kills One
Gina Mack to Lead Two Coldwell Banker Offices
What’s The Best Way To Send an Electronic Funds Transfer During Closing?
TAGGED:Title Tip
Share This Article
Facebook Email Copy Link Print
Previous Article Marital Status When Buying or Selling a Home
Next Article Why Every Sale Requires a New Title Policy
Popular News
Senior Living

Baby Boomers Are Upping The Ante on Active Adult Communities

Rogers Healy: How COVID-19 Will Change the Real Estate Industry
Need a Break From Normal Life? Your Private Island Awaits
Three Things to Know to Prepare For The Strangest Housing Recession in History
New Sur Le Lac Condos in Plano Offer Luxury With Downsize Appeal
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?