Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

What attorney?

Apr 01, 2018 06:13 AM
Ambassador
2,570,942
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      The Title attorneys and Title insurers here will accept a paper check for the escrow deposit.  But for the balance to close, they insist on wired funds.  

Apr 01, 2018 07:15 AM
Rainmaker
894,850
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

We don't use attorneys for closings in the great state of Arizona . . . HOWEVER, there is both strong encouragement to wire EVERYTHING, AND a lot of cautioning that wire fraud is rampant. 

I am also able to receive commissions via wire about 75% of the time, and even though some title companies jack you for wire fees (the highest I've seen is $30), many don't charge at all and I love the convenience. 

Apr 01, 2018 06:59 AM
Rainmaker
4,210,570
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, the only way we can currently do it. And it is ripe with problems!

Apr 01, 2018 05:01 AM
Rainmaker
522,741
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

It has been years since they would accept anything else around here. Bank checks have become too easy to forge.

Apr 01, 2018 04:30 AM
Rainmaker
611,146
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Only wired funds required for at least 3-4  years now...too much fraud.

Eve

Apr 01, 2018 03:13 AM
Ambassador
3,479,713
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Praful Thakkar Many of our title companies will only accept wired funds. No more cashiers checks...too much fraud!!

Apr 01, 2018 07:56 AM
Rainmaker
710,004
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

We do not use closing attorneys in AZ, we use escrow companies.

Apr 01, 2018 07:49 AM
Rainmaker
556,758
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We do not use attornies for closing, but we do use escrow. Most closings involve wire transfers, but they do still take cashier's checks. But cashier's checks need to be seasoned a few days still.

Apr 01, 2018 07:26 AM
Rainmaker
4,100,105
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

We don't typically use attorneys as part of our real estate settlement in California. 

Apr 01, 2018 05:53 AM
Rainmaker
1,922,214
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Yes, it has been that way for several years.

Apr 01, 2018 05:51 AM
Rainmaker
3,331,523
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

There are some local closing companies that request wires a few days before closing. Most often bank checks are still taken from local banks where they check can be verified. 

Apr 01, 2018 05:40 AM
Ambassador
5,409,680
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

We have title companies that deal with this and the many traps involved in wiring money.

Apr 01, 2018 12:49 AM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

No. We close with title companies not attorneys and most common are cashier's checks for closings. -Kasey

Apr 01, 2018 06:28 AM
Ambassador
3,039,280
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I can't say that I blame them at all.  

Apr 01, 2018 06:40 PM
Rainmaker
542,909
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

Title companies here have required that for quite some time.

Apr 01, 2018 06:28 PM
Rainmaker
527,095
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

That's between the closing attorney and the lender. I don't get involved.

Apr 01, 2018 04:28 PM
Rainmaker
5,571,923
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

that's typical....

Apr 01, 2018 02:46 PM
Rainer
326,422
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I know wire fraud is up around here, so I will not do anything like that without speaking with the requesting closing attorney first. Then I will have the clients contact the attorney to discuss information needed for the wire.

Apr 01, 2018 11:10 AM
Rainmaker
1,387,323
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Out in California, escrows have required funds to be wired for a long time.  You can bring a cashier's check, but it can delay as the check will need to clear the bank first.

Apr 01, 2018 09:31 AM
Ambassador
3,056,547
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

We do not use attorneys in my market.  It is standard procedure here to wire funds. It is a given. Most listing agents require deposit funds to be wired within 1 business day after acceptance.  Closing funds are also wired. 

Apr 01, 2018 08:45 AM
Rainmaker
1,723,105
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

We have it here all the time, no biggie.

Apr 01, 2018 08:26 AM
Rainmaker
6,607,713
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes.

Apr 01, 2018 08:13 AM
Rainmaker
54,790
Jordan Ayan
The Lifestyle Collection - Scottsdale, AZ
Luxury Market Expert, CLHMS,Million Dollar Guild

Best part of real estate in Arizona is that real estate agents arrived here before attorney's figured out what was going on and cut them out of the deal.

Apr 01, 2018 07:34 AM
Rainmaker
2,024,100
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

yes

Apr 01, 2018 05:36 AM
Rainmaker
4,118,298
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Attorneys have accepted only wired funds here in Charlotte region for at least 3 years now. 

Apr 01, 2018 05:25 AM
Rainmaker
1,519,251
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

We do not use attorneys, funds are distributed via escrow company to everyone. 

Apr 01, 2018 10:08 PM
Ambassador
3,986,710
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

My closing company will not take checks over $500. I have my clients contact them directly to get wiring instructions and to give wiring instructions for proceeds so there is no electronic transmission throughmy accounts or theirs.

Apr 01, 2018 06:10 PM
Rainmaker
1,231,002
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

We only wire funds to escrow, haven't allowed checks in 10 years.

Apr 01, 2018 12:37 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

That is the way of the future that is here now. Once all states legalize on line notaries we can become completely paper less and brick and mortarless.

Apr 01, 2018 11:28 AM
Rainmaker
4,433,703
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Apr 01, 2018 11:16 AM
Rainmaker
1,899,932
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Our one and only Title company has been all over us about wire fraud Praful Thakkar that if there is any question at all it's best to see that the Buyer contact the title company BY PHONE and confirm all that is going on.

Apr 01, 2018 10:30 AM
Ambassador
4,580,145
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Doesn't apply here in CA. Funds are wired and received before escrow authorizes recording. No attorneys here typically.

Apr 01, 2018 10:28 AM
Rainer
117,085
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

I have never seen anything other than wiring closing funds.  Most of the time, buyer wires the initial deposit as well. 

Apr 01, 2018 09:37 AM
Rainmaker
5,588,311
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Praful,

We have enough with attorneys, and now they do not participate in CA.  A

Apr 01, 2018 08:13 AM
Rainmaker
4,799,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No.

Apr 01, 2018 04:52 AM
Ambassador
4,258,081
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

We've been doing it this way for years, Praful. We're now fighting wiring fraud here in Charlotte and it's so frustrating to have to use the encrypted wiring instructions AND have them phone the attorney for confirmation of the instructions. 

Apr 03, 2018 10:05 PM
Rainmaker
1,044,339
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

No I have not seen any increase in this here Praful Thakkar 

Apr 30, 2018 10:40 AM
Rainmaker
4,939,658
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Cash transactions are required to have a wire for the funds.

Apr 04, 2018 07:08 AM