Get all your news in one place.
100's of premium titles.
One app.
Start reading
Tribune News Service
Tribune News Service
Business
Gary M. Singer

Real estate Q&A: What should we do after our buyers’ deposit check didn’t clear?

Q: We are trying to sell our home and need to move out of the area in the near future because of a job change. We are under contract with a lovely couple, but their deposit check did not clear. What should we do now? —Minnie

A: Occasionally, a check may fail to clear for reasons not the drafter’s fault. Ask the buyers why their check did not clear, and if they share a good reason, have them immediately make the deposit with certified funds or a wire.

If they can not, or will not, cooperate with your reasonable request, move on and find a new buyer.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.