Bridget's Blog


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

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  SWBC Mortgage.   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.

Comment balloon 31 commentsBridget "Mortgage Mama" McGee • March 04 2013 08:19PM


Yes, We just learned this in our last settlement.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 7 years ago
Wow. What next? Just roll in with your barrel full of cash.
Posted by Paula McDonald, Ph.D., Granbury, TX 936-203-0279 (Beam & Branch Realty) over 7 years ago

Can't think of a faster way to get arrested.  I haven't heard of this happening.  Mostly because it's not like the Title Company wouldn't have any recourse.  They could file a lien on the property, have the buyer arrested for fraud, when the mortgage company was notified they could call the mortgage due and payable immediately.  Just don't see the upside of a consumer doing this.   But wouldn't blame the title company for mandating a wire transfer instead.

Posted by Patty Purdue Laforte (Realtypath LLC) over 7 years ago

Here is a blog that I posted back on January 19th that discusses a similar fraud

Posted by Brian Rayl, Active Agent and Co-founder Of Home Value Leads (Home Value Leads) over 7 years ago
Heard of this happening with several brokers not accepting even earnest money check deposits anymore.
Posted by Pete Xavier, Outstanding Agent Referrals-Nationwide (Investments to Luxury) over 7 years ago

Margaret Rome just told me about this post. This is certainly a good topic and an excellent post to reblog.

Posted by Cheryl Ritchie, Southern Maryland 301-980-7566 (RE/MAX Leading Edge over 7 years ago

I've told buyers for years, bring a CASHIER'S CHECK, not a Certified check.

Guess I'll have to upgrade that comment.

I believe that our contracts still say Cashiers Check.  I'll have to check.

The MD State Association of Realtors needs to update the Contract:


Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley,, MD & VA Homes and Real Estate) over 7 years ago

My buyer's have been wiring money in the last three years. Title companies here only accept wires.

Posted by Tonia Rahming, Relocation Specialist (RMS Realty, St Lucie, Martin and Palm Beach Counties) over 7 years ago

Of course this means the lenders need to have the final HUD-1 done at least a few days in advance for the funds transfer to take place.  To many times the final HUD-1 isn't ready causing no chance to get the funds wired and received.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 7 years ago

Never would have thought this day would come. How do people think of these things. I also offer merchant  services(credit card processing) you would be suprised to hear the horror stories with The Squae. 

Posted by Ronell Moore, Transforming your Flooring into a work of Art. (180 Degree Floors) over 7 years ago

I guess there is always someone out there thinking up the next big scam.  I hadn't heard of this one yet, thanks for the information.

Posted by Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties ( Aspire Home Real Estate 209-404-0816) over 7 years ago

Bridget:  They can't write the new rules and regulations and laws fast enough to keep up with those that want to commit illegal acts.  Sad ... but this is the result ...


Posted by Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656) over 7 years ago

Thanks for the info Bridget - will have to check with my local title companies to see if they have changed their policy regarding the acceptance of cashier's checks.

Posted by Phil Caulfield, I Get The Loans Done That The Big Banks Don't! (Cardinal Financial Company, Limited Partnership) over 7 years ago

In Oklahoma it has to be a cashiers check, but i do love wried funds.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) over 7 years ago

Real Estate is an ever evolving realm, especially these past 5+ years or so!  Thanks for the tip!

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) over 7 years ago

Thieves and criminals are always creative.  A shame that things are going to be made a bit harder for the rest of us.

Posted by Jon Karlen, Louisville & Shelbyville Kentucky real estate (Finish Line Realty - Shelbyville & Louisville Ky Real Estate) over 7 years ago


I've heard about the check scam being used with Title Companies. Whatever will they think of next?


Posted by Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Coldwell Banker Residential Brokerage) over 7 years ago

Bridget, 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.  Thanks so much for the head's up.  Have a great week.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 7 years ago
This sure has stayed on my mind today. Thanks for the heads up!
Posted by Cheryl Ritchie, Southern Maryland 301-980-7566 (RE/MAX Leading Edge over 7 years ago

Margaret, I always learn something worthwhile when we work together!!

Paula, Nope, most of them don't accept cash either!  CRAZY!

Patty, These are not your run of the mill consumers, these are scammers...they hurt everyone.

Brian,  It's a crazy business!  Thanks for sharing!

Peter, It stinks not to be able to take people on their word.  The world would sure be a better place if everyone did the right thing!

Cheryl, thanks for the reblog.  Hope to see you at the meetup!

Lenn, It won't be long before wires are required by all...

Tonia, I wonder if there was an issue that precluded the wire requirement?

Cindy, The loan officer should be able to provide a good estimate of the final costs.  The borrower can wire enough with a slight pad for any shortages and recieve a check back at closing for an overage or a personal check for a shortage.

Ronell, I have no idea....I don't have that kind of brain!

Jim, I was pretty surprised when I heard about it too!  The title officer had just attended a meeting where this was a topic!

Gene, Technology is changing faster every day!  Too bad we need MORE rules and regs!

Phil, I wonder how many states are having this issue?

Joe, Wires sure seem like they should be the best option, but often there is an added cost.

Myrl, You are so right!

Jon, When there is money involved, someone is always going to try to find a way to scam the system.

Rich, I can't even imagine! 

Karen Anne, I am sure that Fort Worth buyers are the cream of the crop and that there are never any problems with folks in your area doing bad things!  I have only had two clients that I didn't feel I could trust their word, much less the documentation.  Verify,verify, verify!   I cut those ties immediately!  I love my job and am not willing to take a risk!



Posted by Bridget "Mortgage Mama" McGee, Maryland Mortgage Mama NMLS#196068 (SWBC Mortgage 410-960-2061) over 7 years ago

Florida was attacked with a lot of fraud related closings.  Wiring is now our normal course of business Bridget.  I can't fault the title agents to need undeniable verifications.

Posted by Kevin J. May, Serving the Treasure & Paradise Coasts of Florida (Florida Supreme Realty) over 7 years ago

Bridget, Every good thing brings in evil mind. I never understood why people want to misuse the power they have or they get!

Though in a way, it may be easier to do this - buyers may not like it as it will as a small amount to closing (until it becomes an integral part of closing costs).

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) over 7 years ago

Bridget, I'm not quite sure how to take your answer, but I am guessing that Fort Worth buyers aren't any different than any other state's buyers.  Maybe I just live in a cave and oblivious about stuff like this.  I just have never heard of it happening before.

I deal primarily with first-time buyers, and feel that they are so intensely overjoyed about the prospect of getting into a new home that doing this never enters their minds.  I would also say that 95% of them are FHA buyers.

The only times I have seen funds come to the title company by wire... have been either from out-of-town buyers, or buyers whose funds are coming from the sale of another home... which doesn't happen very often as I deal primarily with first-time buyers.

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

It is a sad commentary on where we are headed. But I understand the need to protect the parties involved.

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) over 7 years ago

This has been the case in Charlotte for some time now. Quite a few of the real estate attorneys no longer accept anything but wire transfers. When I asked about it last year, I was told there's apparently a lot of fraud with cashiers and bank checks.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Realty) over 7 years ago

We have already seen local closing companies and lawyers NOT accepting any cashiers checks made out to themselves, they specify check must be made out to the closing company. Any closings by mail have to be wired now.

Posted by Scott Godzyk, One of the Manchester NH's area Leading Agents (Godzyk Real Estate Services) over 7 years ago

Yeah, I have a cashier's check I collected for $5,000 for one of my rentals involved in a scam. . it looks real. .the guy run the other other way and disappeared when I informed him that I will have to wait until his check cleared the bank. . 

Posted by Fernando Herboso - Broker for Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA (Maxus Realty Group - Broker 301-246-0001) over 7 years ago

Informative post! I've not seen this situation in my area. I've read some about 'vetting" title companies, but not about this. Of course, this adds cost again to the consumer. I can see now where this COULD be a problem, I wonder how often it occurs. Often enough for every borrower to add $30 or more to their closing for a wire? It seems at every turn consumers across t he board are getting hit up for sins of a few.

Posted by Dora Griffin, NMLS 6380 (D A Griffin Financial.LLC) over 7 years ago

The wire *IS* the money.  Even long green can be fake.

Posted by Jim Gilbert, The Gold Homes Team (Keller Williams Fairfax Gateway) over 7 years ago

I think it is a wonderful idea.  Wiring Funds is easier for all involved in the transaction.  I am amazed about how creative the criminal mind is.... as someone said early, whoda thunk it?

Posted by Marjorie Taylor, New Homes in St. Augustine Florida (Riverside Homes) over 7 years ago

This is really something new for me.

How they can do it, if the Cashier Check is issued to someone else name?

Posted by Inna Ivchenko, Realtor® • Green • GRI • HAFA • PSC Calabasas CA (Barcode Properties) almost 6 years ago