Iowa City, IA asked in Real Estate Law for Iowa

Q: I am buying a home for cash in Illinois. At closing must funds be wired or may payment be by cashier's check?

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2 Lawyer Answers
Vincent Gallo
Vincent Gallo

A: The easiest way to find out is to ask.

A: If you wire funds make sure you contact the original title company by telephone for instructions. Many times you will receive an email with instructions including a telephone number on where to wire money that is a scam and it is nearly impossible to recover funds after it has been done.

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