So with all this talk about SVB, I was wondering, if someone were conducting a real estate closing and their bank was going thru a crisis (like SVB) and the parties were not made aware, how would one go about getting a resolution? From what little I know about this topic, if that you will not be getting anything for a few weeks at least?
Example, you need to put 100,000 down on a property that you actually have in the affected bank, and then you are going to mortgage the rest, how would you transfer the 100K out of the bank during their internal investigations?
Example, you need to put 100,000 down on a property that you actually have in the affected bank, and then you are going to mortgage the rest, how would you transfer the 100K out of the bank during their internal investigations?