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Updated almost 8 years ago on . Most recent reply presented by

User Stats

76
Posts
9
Votes
David Stone
  • Real Estate Agent
  • Columbus, OH
9
Votes |
76
Posts

Good Funds Law (Ohio)

David Stone
  • Real Estate Agent
  • Columbus, OH
Posted
I am scheduled to close on a flip on Monday. My realtor just informed me that everything is ready to close but they are need to close at the end of next week because of the "good fund law". From what I've read shouldn't the title company be able to do a wire transfer of the funds and close on Monday? That rule seems to only restrict the use of Cash or Cashier Checks in excess of $1000.

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