My mortgage broker asked me to wire closing funds today (4/11) for my closing on Tuesday (4/15). Is this normal?

I was honestly planning on bringing a certified check to the closing. Not 100% against wiring, but is it weird to do it prior to closing day?

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I asked if I can bring a cashiers check on closing day and they confirmed that was fine.

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Its fraud. I've closed on many properties and bank has always warned about this. Call your trusted mortgage contact to confirm.

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Have you called her? My realtor has a big disclaimer about wire transfers via email. Tread carefully

I wouldnt wire anything until you have confirmed/reconfirmed via a separate/different channel, the instructions and the account #. Each time i have closed, I took a certified check to closing (even through they preferred wire) as there are so many horror stories with wire fraud with real estate transactions

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I’ve never done it before, always brought a certified check.

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I wired a few days prior. It was fine.

If you know the request is valid (there’s tons of fraud around this!), it’s not uncommon to send the wire a day or two early so that it clears ahead of closing. But definitely double check to make sure the info you have is the correct account and bank!

Yea I called up my mortgage broker and also emailed my real estate agent to confirm. Wiring huge amount of money is just stressful. They need a better way

Wouldn’t do it. Wires are some relic from the 90s so easy to scam them since it is just a bunch of numbers.

A check isn’t much different. It’s literally the same numbers on a piece of paper. You can write the required information on a napkin and as long as you have the correct fields, it’s considered legal.

I brought a cashiers check for my first house. Did a wire for my 2nd house. Wired a day or two before closing but I set the date and terms. I also physically went into the title lawyer to get the wire instructions due to my concern of fraud.

I wired a few days prior. It was fine. However, the wire instructions were sent by title company through a secure message.

I’ve always wired. Also some some states require funds the day before closing. Cashiers check are commonly counterfeited now. Last time I bought a car, they wouldn’t take a cashiers check without running a credit check (which I wouldn’t let them do).

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