It isn’t fine. Ask your attorney if the cashier’s check is good.
Real estate transactions can be complicated and stressful, especially when something goes wrong. In this case, it appears that a third party has stolen the funds from the seller’s bank, preventing the seller from closing the deal. It’s important to understand that agents are not qualified to provide legal advice, and that an attorney should be consulted.
It’s unclear if the seller had the rights to sell the real estate in the first place. If they didn’t, the deal may be unwound and the buyer can be made whole. The buyer should contact an attorney to handle the title company and the bank, and to ensure that the buyer gets the clear title to the place.
Another issue is that the cashier’s check from the title company is being treated as a personal check. This is a cause for concern and the buyer should ask their attorney if the cashier’s check is good.
It’s important to remember that real estate transactions involve complex legal matters and it is essential to consult with an attorney to ensure that everything is in order. The buyer should also make sure that all liens and loans are approved and that the title to the real estate is clear. Taking legal advice from an agent is not advised and buyers should always consult with a qualified attorney.