Southern Maryland Best Buys


Sorry, We Don't Accept Cashier's Checks For Mortgage Loan Closing

This is a very timely subject. Imagaine you are going to a closing that is CASH and you are deciding between cashier's check or wired funds for the Buyer proceeds to be provided . Or you are calculating the days to settlement based on the Bank wire rules of cashier's check do not get cashed  until Midnight which means the funds does not get wired to the Seller until the next business day. This one post explains some dynamics that may help make the decision easier for your Seller  client.

Sorry, We Don't Accept Cashier's Check For Mortgage Loan Closing

This may soon to be what you hear from title companies all over the country. 

Title companies may soon require funds for loan closings to be wired prior to closing.

Why, you ask?  For goodness sakes, certified funds are as good as cash!  Well, not anymore! 

Can I bring a personal check to loan closing?

With the advent of smart phones and mobile banking applications with remote check deposits, unscrupulous buyers can re-deposit the check into their own account at closing just before handing it over to the title officer.    The title company may not get notified of the bad check for days or even weeks.   What a mess!  This is the latest in mortgage loan fraud.

Technology is a wonderful thing, but too often there are new challenges that arise as a result!

Don't be surprised when your title company says  "Sorry, we don't accept cashier's checks for mortgage loan closings".

Warm Regards,

Bridget McGee  Maryland Mortgage Mama  NMLS# 196068  CrossCountry Mortgage, Inc.   410-960-2061 EHO or

If you are considering purchasing a home in Maryland and want to be sure you are mortgage ready, my brother Tony and I will be happy to help! We help to make the mortgage process a pleasure! 

If you already own your home, we are happy to provide a no-cost mortgage review to help you to determine if refinancing may be in your best interest.  Please contact me at 410-960-2061.


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Comment balloon 2 commentsCheryl Ritchie • March 18 2013 01:30PM


This is such good information for all of us to be aware of. Glad you reblogged so more people could see it.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) almost 7 years ago

Cheryl, I have never heard of anyone doing this.  Perhaps folks in other markets are more devious that my typical Fort Worth buyers.

But... if it's going to happen like this... it sure is nice to know the movement is going to happen in advance.  It's nice to have a head's up.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 7 years ago