Certified funds are just that. They are certified to be good, guaranteed, valid, and non-revocable. Here are some of the different types of certified funds: Cashier’s Check Bank money order Wire Simply put, once a cashier’s check or bank money order is issued by a bank, it cannot be recalled or cancelled by the bank. […]
Tag: Real Estate Closing
What is Title Insurance?
Simply put, title insurance is a way to protect yourself from financial loss and related legal expenses in the event there is a defect in the ownership of your new home. Title insurance differs from other types of insurance in that it focuses on risk prevention, rather than risk assumption. With title insurance, title examiners review […]
Protecting Yourself From Wire Fraud
Imagine saving for years to buy a home. After a long search, you find the perfect property, make an offer and it’s accepted. As closing day draws near, you receive an urgent email from someone who purports to be your closing agent/attorney. You open an attachment to see the address of the home, the name […]