How long does a title company have to payoff old...
...loan once funded? Can they float money to collect interest? I funded on the May 22nd and payoff wasn't until the 28th, Ofcourse I paid my old lender this 6 days of interest as well as my new lender. I contacted the Title Comapny and he told me they wired the money on Monday, May 25th. I later learned that this was Memorial Day so I know he is lying (disappointed with this whole industry). Old bank said they process on day recieved, per them was recieved on the 28th. If there was wrong doing I want to report to Department of Insurance.
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