Martin DFW, Both Buyer and Seller in Dallas, TX

If I am travelling with my job and unable to get a bank check, why can't I send a company check to a Title Office to bank / clear it ahead of closing?

Asked by Martin DFW, Dallas, TX Fri Sep 13, 2013

Help the community by answering this question:


A company check is not your personal funds even if you own 100% of the entire company. The source of funds at closing must match what your loan officer submitted to the underwriter. Bottom line, the title company AND underwriter must both agree to accept your source of funds at closing. It is reviewed by both prior to funding the loan. Work with them instead of second guessing, ask your loan officer what you need to do to eliminate a potential issue at closing. Good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
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2 votes Thank Flag Link Fri Sep 13, 2013
They are fussy even getting cashier's checks mainly due to a lot of forgeries, I'd get a letter from the bank that they issued you the check and it's good. They will take travelers checks usually, so check with them but that's a trip to a bank.
1 vote Thank Flag Link Mon Sep 16, 2013
Title companies require "good funds" which are secured with cashier's checks or having the funds wired prior to closing date. As an investor, your company check cannot be declared "good funds". Have a good weekend.

Rosalyn Traylor
1 vote Thank Flag Link Fri Sep 13, 2013
Your suggestion makes far too much sense for most title companies! I agree with you, if sent ahead of time so that it can clear, it shouldn't be a problem...but don't ask them to think out of the box!!
Many banks (I know mine does) will send a bank check for you if you order it by phone...
0 votes Thank Flag Link Tue Sep 17, 2013
Most borrowers use a title company recommended by the real-estate agent or lender. Feel free to contact here:

2943 Thomas Ave
Dallas TX
0 votes Thank Flag Link Tue Sep 17, 2013
You can wire the payment.

Susie Kay, Realtor®
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240

Servicing your real estate need is my priority!
0 votes Thank Flag Link Sat Sep 14, 2013
Is your company purchasing the property?
0 votes Thank Flag Link Fri Sep 13, 2013
You can wire funds. But they dont accept personal or business checks.
0 votes Thank Flag Link Fri Sep 13, 2013
You can wire transfer funds. All funds MUST be certified checks can bounce.
0 votes Thank Flag Link Fri Sep 13, 2013
Hi Martin,

Title companies typically will accept personal checks for up to $1000, but amounts over that require certified funds. You can always wire the money to the title company if you are out of town. Most title companies prefer wires.
0 votes Thank Flag Link Fri Sep 13, 2013
Martin, it is easier to send a wire in this case. Or have someone take a cashier's check. Personal checks are not acceptable unless the amount is less than say $1500 (this amount varies by title company).
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0 votes Thank Flag Link Fri Sep 13, 2013
You may not want to send a company check anyway if you are getting a loan.

That could kill the loan..

If they thought you were borrowing money from the company for the down payment or something like that, you could have a real problem.

Make sure the funds come from your account and that they have been there for a couple of months or trackable.

Wire transfer seems like a good option if you are out of town.
0 votes Thank Flag Link Fri Sep 13, 2013
Bruce Lynn, Real Estate Pro in Coppell, TX
Can't you wire the funds ?
0 votes Thank Flag Link Fri Sep 13, 2013
Title Company's want verified funds. It is their rules of operation.
0 votes Thank Flag Link Fri Sep 13, 2013
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