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Payment on real estate closing?
Old 12-07-2010, 09:36 PM   #1
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Payment on real estate closing?

We are about 3 weeks away on closing on our future retirement home in FL. We will not be present at closing. All paperwork and details seem to be going ok until today. The closing agent/title company informed us that with the packet of signed closing document they can not accept a cashier's check as payment due to fraud concerns. They will only accept a wire transfer. In talking to the bank where I have the funds they will not send a wire transfer to a title/escrow company but only a cashier's check for fear of fraud. Seems like a stand off? Has anyone else run into a similar situation where all parties are too scared of their own shadow to move forward? Not sure yet how this can be resolved. Thanks for any input.

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Old 12-07-2010, 09:42 PM   #2
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I'd set up a conference call between you, your bank, and the title company, and I'd also include your real estate agent. I'm sure that this group will be able to get something worked out.
"You can never cross the ocean until you have the courage to lose sight of the shore." - - - C. Columbus
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