Tuesday, October 16, 2012

Closing Funds Changes

Some title companies are now requiring that the cashier's checks that buyers bring to the closing be made payable to the title company only.  They no longer allow the checks to be made payable to the buyer, who then endorses the check over to the title company at the closing.

Make sure you check with your title company if you are in the habit of advising your buyers to make cashier's checks payable to themselves.  It could prevent a considerable hassle for the buyers.

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