Buying A New Home? Certified Funds No Longer Accepted To Close.

What? Yes, you read it right. Certified funds may no longer be an acceptable mean of funding a purchase. Last week, I represented a client at the purchase of an Andersonville condo (they got a great deal by the way - but that's for another post). As I have done over a hundred times before, I instructed my client that he should bring the necessary "cash to close" in the form of a certified check payable to themselves (not to "cash" as a check written as such could be lost and the funds gone). My client followed my instruction and came to closing with the requisite funds in the form of a Bank of America certified check written to himself. All was good, or so we thought. After signing the mountain of documents required to purchase a property in the progressive age, we sat back and waited for the title close