100s and fifties?

Be super careful with a wire transfer.. don’t accept wire transfer instructions over the phone or from unknown or strange emails

Wire Transfer
 

We did a wire transfer for final payment. Money being held by attorney in IL. He transferred and sent us proof money was received. Went to closing. They asked for final payment. Gave them copy showing The Villages bank account had received payment. Someone else with the same name as attorney (Miller) was closing later. They had received credit for our payment. Luckily, our closing was first and could be straightened out easily.

Good advice. Our banker asked us from where we received the wire information. He specifically asked if it was emailed to us. It wasn’t, but he did say that it is a rising trend, wire transfer fraud.

No brainer...Definitely do a wire transfer! It is much safer than a cashier's check, and it will give you peace of mind. When you are talking about a large sum of money, wiser to play it safe, and pay the stupid bank fee, (ours was $15 or $25, cant recall exactly), but well worth it. Incoming and outgoing wire transfer fees vary in price.

We closed in April and did wire transfer. They gave us the information on where to send it we checked it and sent it.

Cashiers check. Easy peasey!

We bought two homes over the last two years. We used multiple wire transfers without issue... except for the anxiety it seems you are experiencing. It's a leap of faith to just enter some numbers on a form and your money disappears.

Wouldn’t your wire go to the title agency/settlement agent? No worries getting your money back.

We sent the check via priority mail so we could track it.

Wire transfer
 

Did a wire transfer today on a closing scheduled for tomorrow.

Did two wire transfers the day before. Had the same experience that GPS had. The clerk couldnt find it for several minutes which gave us a jolt of shock. Turns out she was searching by total amount, looking for one wire transfer. When I gave her the amounts of both, she found them.
The clerk, my wife and I were the only ones at the closing. The former owners were in a nursing home in NY, the realtor was on vacation.

We did a wire the day before closing during the early morning—- in case a problem occurred with the two banks there would be enough time for them to fix.

Confirm that the wiring instructions that you give your bank are the same as what you received from the developer by post (letter). There are some email scams with wires being misdirected. But don’t be afraid of wiring funds. Get the correct wiring instructions from a mailed package rather than from an email.

Interesting you should bring this up. When my realtor told me I had to do a wire transfer, first for the deposit then for closing, I was taken aback. It seemed scam-like to me and I didn't understand why I couldn't get a cashier's check at my bank as there is a branch in TV. She kept saying, "that's the way it's done in Florida". I still don't get it. :confused:

pretty much the explanation I got, as well.