# Funds flow

The closing document listing every wire, in the order they go.

Walking this memo line by line the day before closing is the last chance to catch a payoff nobody obtained or a prorated figure computed from the wrong date. It is also the moment to verify every wire instruction by phone, on a number you already had rather than one in the email. Spoofed instructions arriving the morning of a closing are how buyers lose a down payment with no recourse. Confirm receipt of each wire before releasing the next.

In numbers: On a $4,100,000 close, the funds flow might read: $3,690,000 loan plus $410,000 injection in; $180,000 to the seller's equipment lender, $100,000 of fees and costs, and $3,820,000 to the seller. Every dollar in and out on one page, agreed before the wire, not after.

Source: https://searchspheresource.com/glossary/funds-flow
Not dated: A definition is editorial: what a term means, why it matters, and an example. None of it reads a source that can go stale, so there is no date to take and a stamped one would be the build time wearing a costume.

Site index for machines: https://searchspheresource.com/llms.txt