"For our closing... who do we make the check out to?"
Buyers often think of that question shortly before their closing. You need to use a cashiers check or a certified check for closing. If you need less than $1000 to close (that's not happening as much as it used to...) the title company can accept a personal check for the funds required for closing.
Q: "For our closing on our new house who do we have the bank make the check out to?"
A: In my experience usually having your bank make out the check to yourself makes the most sense. You then sign the check over to the title company.
You could have the check made out to the title company, that works... but most Central Ohio home buyers seem to have the bank make the check for closing out to themselves.
Part of the title companies function is receiving the funds for the closing and disbursing the funds for the closing. The title company receives funds from all sources, the buyer, a mortgage company, grant programs and disburses the funds to the seller, the county, service providers (survey, home warranty, etc.)
Please bring your checkbook along to the closing as well.
Central Ohio closings in Franklin and Delaware Counties we are still doing round table closings in 2011
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This post provided by Maureen McCabe of Real Living HER
Contact 614.388.8249
Website: MaureenMcCabe.com
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Information is deemed to be accurate but should be verified to your satisfaction. Information provided herein is supplied by several sources and is subject to change without notice. Opinions expressed are solely those of Maureen McCabe.
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