Last year, we bought a 3 bedroom townhouse. We took a cashier’s check to settlement. We thought it was sufficient. However, the settlement agent told us we had to wire funds to the settlement company’s account. We had never wired funds before, and we are suspicious of wiring large amounts of money. How do you know the account you are wiring to is the correct account? What if a mistake is made? Can we get our money back?
It turns out, all went well with the settlement. We must admit we were not comfortable wiring money to an unknown account. The following article validates our concerns about wiring funds … click here. Fore more about our experiences with settlement, click here. For beginner real estate investors, keep an eye on your money!
The opinions expressed herein are solely those of the Author/WebMaster. Before taking any action, please consult your real estate, financial, and legal advisors.