Good Funds Required For Closings

Georgia law requires that a closing attorney must be provided “Good Funds” for the amount due from the Purchaser / Borrower at closing. Below is a list of what is acceptable as “Good Funds”.

• A bank certified check,
• A bank cashier check,
• A credit union certified check,
• A check from a Georgia Attorney’s escrow or trust account,
• Wired funds credited to the Closing Attorney’s escrow account,
• Money Orders, and
• Cash.

“Good Funds” do not include:

1. A personal check,
2. A mutual fund or money market check,
3. An out of state attorney’s check, or
4. A credit union check.

We prefer you bring a “Good Funds” in the total amount due to closing. Should you have a question about what is acceptable, please call our office ahead of the closing.

Borrowers / Purchasers should have the certified check made payable to themselves, which will then be endorsed to the closing attorney at closing. In the alternative, they can make the check directly payable the “Ferguson McManamy Escrow Account”.

Should you need further clarification, please contact our office.