In the United States, all contracts for real property must be in writing to be legal. Different states have other provisions. If the seller cashed a check without any signed paperwork attached, it may not be binding. If the seller cashed the check and there was signed paperwork, and it was legal under the laws of that area, it probably was binding.
Yes, you have to sign a cashiers check before you give it to a payee. Some cashiers checks do not have to be signed. If there is a space to sign, you need to sign.
Yes, a seller can sign the agreement first, but it is not binding until all parties have signed and the signed copies have been delivered.
Not really. The institution where the cheque is presented for encashment should refuse it but if they don't notice it may get cashed. If you know it wasn't signed, however, you can have it recalled.
I believe that you are responsible as the seller for any damage to the property until the papers are signed in the closing . At that time it becomes the new owners responsibility. Check with your realtor and closing attorney. Generally speaking, the seller still owns it and it is therefore his problem.
In the United States, all contracts for real property must be in writing to be legal. Different states have other provisions. If the seller cashed a check without any signed paperwork attached, it may not be binding. If the seller cashed the check and there was signed paperwork, and it was legal under the laws of that area, it probably was binding.
Cashiers checks, also known as tellers checks or bank checks, are signed by a representative of the bank, not the purchaser. Money orders are typically signed by the purchaser.
Yes, you have to sign a cashiers check before you give it to a payee. Some cashiers checks do not have to be signed. If there is a space to sign, you need to sign.
Yes, a cashiers check is signed by an authorized representative of the bank. Then the person the check is made payable to will have to endorse the back of it, just as is done on any other type of check.
No, an unsigned check cannot be cashed, whether the accountholder is alive or dead. A check must be signed to be valid.
A cashier's check is signed by an official representative of the bank that issues it.
Yes, a seller can sign the agreement first, but it is not binding until all parties have signed and the signed copies have been delivered.
To the Sender
It's simply returned to the sender.
Not really. The institution where the cheque is presented for encashment should refuse it but if they don't notice it may get cashed. If you know it wasn't signed, however, you can have it recalled.
It's signed by an employee of the bank - to authorise the funds being paid to you.
When it has been signed by the buyer and seller.