Fairborn 937-878-4333

Springfield 937-322-7333

Ohio Good Funds Law – Effective April 6, 2017

Be prepared if you are buying or refinancing a home this year and you have to bring over $1,000 you will have to Wire the money to the Title Company.

Things to think about;

How does your bank process work for a wire?

Do you have to be there personally to sign for the wire?  Are they local to where you are now?

All the wires must be verified before dispersing to all the parties so it has to be done before the closing ?  A day before would be best.

Here is the information for yourself and clients

Good_Funds_Statute_-_Change

The title companies are working together to inform all Realtors and Lenders so we have a smooth transition on this new law.

Have questions or concerns contact us:  937-878-4333 or 937-377-7333