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Bienes Raices
  • Orlando, FL
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cash or money order for move in

Bienes Raices
  • Orlando, FL
Posted

I have been taking money orders for the first month's rent and the SD, but now I have heard that someone can give you a money order and then go to the issuer immediately and (fraudulently) claim it was lost to void it. I don't know if this is true or not. This person was saying that you should only accept cash. I have also heard someone else say that you should only take a cashier's check.

Should I change to cash only? And if you do, are you supposed to use one of those pens to make sure it's not counterfeit?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

yes, money orders and cashiers checks can be canceled.

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