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Can I Write a Personal Check at Closing?
Can I write a personal check at closing? The usual answer to this question is no. Most closing attorneys/title companies can/will only accept a personal check for a few hundred dollars. The typical maximum is around $500 or $1,000. Funds for a real estate closing typically need to be in the form of a certified or cashier's check or wired to the closing attorney's escrow account. Sometimes, the closing agent for foreclosure properties will be located out of state. In this situation, a wire will be required. The use of a check in this case will cause a delay in the funding of the transaction. Knowing upfront the proper type of funds required will make for a more successful closing. Don't get caught off-guard on this. This is especially important if you bank with a financial institution that does not have a branch location that is convenient to you. ... more
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