Why can the sales proceeds or the commission check be disbursed at the table?
State statutes prohibit us from disbursing funds from the transaction until after all title documents (deeds or deeds of trust) have been recorded in the appropriate Circuit Court Clerk’s Office. Recordation is not accomplished until such time as the settlement is complete, in other words, until all required funds are received by STA for the transaction, and all documents are executed by the parties according to the lender’s instructions. Once settlement is complete, the title documents will be sent for recordation. We are not permitted to disburse funds until it has been verified that the documents have been properly recorded. The recordation process can be time consuming, and depending upon the jurisdiction and the circumstances recordation can take anywhere from a few hours to a few days.
