Monday, March 28, 2011

Some Title Companies Are No Longer Accepting Bank Checks

Some title companies are now requiring buyers to wire funds to their office if the funds due at closing exceeds a certain amount. In the past, just about every title company allowed buyers to bring a bank check. If your buyer doesn't know about this, it could delay the closing because it sometimes takes a few days to arrange for a wire.

Not every title company has this new requirement, but it's certainly worth asking about.

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