Benchmark Title Company, LLC


Good Funds

John Howe

Closing practices in this area in most instances dictate that title companies handle the closing procedures and are therefore the “clearing house”, so to speak, for the monies involved in the transaction. Since we (the title company) are acting in a relationship of trust regarding a financial transaction it is important that we not consider the closing to be finalized until we are in receipt of “good” funds. The recording of the documents becomes a permanent record, so we must be sure that we are able to complete the monetary portion of the transaction.

For these reasons, we inform the buyers (with as much advance notice as possible) that they must bring to the closing a cashiers check made payable to Benchmark Title Company for the balance owed, which is comprised of the balance of the down payment plus closing costs, less earnest money and other credits. We will also inform the sellers of the same requirements in the event they are required to bring funds to close.

The buyers then must go to their bank and have a cashiers check, which by definition is a check drawn on the bank itself, after the bank has verified that the individuals have sufficient funds in their account to cover the amount of the check or the preferred method is to wire funds to our account.

One of the important reasons for not accepting personal checks at the closing, other than the obvious possibility of insufficient funds, is that in the event someone dies, their account may be frozen by the bank and checks, especially large ones, may be returned stamped “Maker Deceased”, and until a personal representative is appointed the check may not be honored by the bank.

For these reasons we require that buyers present a cashiers check or wired funds, so, that  those checks are immediately honored by our bank and that checks we disburse for payoffs and other issues will reach our account for payment.

Despite our best efforts we are sometimes dismayed to see a buyer, at the closing table, reach into his/her pocket for their checkbook and prepare to write a personal check for thousands of dollars. When this happens, management must make a decision. We surely do not want to delay a closing, but we also cannot put our responsibility as the “Clearing House” at risk. Good funds are a must.


Any questions can be directed to Benchmark Title at 618-239-3750. Please feel free to call or email:  

John Howe

Doreen Miller, Esq.
Vice President and General Counsel

Michelle Null
VP Escrow Operations

Bethany Bond
Marketing Director

Serving you from three convenient locations:

Main Office:
1124 Hartman Lane
Shiloh, IL 62221
Ph: 618-239-3750
Escrow Fax: 618-239-3707
Title Fax: 618-239-3757
Fax Orders: 618-310-1589
President: John Howe

318 North Main St.
Columbia, IL 62236
Ph: 618-281-9700
Fax: 618-281-9705
Manager: Randi Schur

4215 S. State Rte 159
Glen Carbon, IL 62034
Ph: 618-288-1695
Fax: 618-288-1852
Manager: Sara Sowell

Dates to Remember

December 4 - GGAR Holiday Party
11:00 a.m. at Meridian Ballroom, Edwardsville, IL 

December 12 - HBA Sales and Marketing Council Meeting
8:00 a.m. at Four Points Sheraton, Fairview Heights, IL

January 17, 2008 - Benchmark Title Commercial Reception.  Details to come.

January 18, 2008 - HBA Annual Installation Banquet
At Four Points Sheraton Conference Center, Fairview Heights, IL

Did you say free?

Be the first in your office to try out, Benchmark Title's new FREE online transaction management system. Why waste time making status phone calls or standing by the fax waiting for your title commitment when you can get what you need instantly from your own computer. Visit for more information or call April Tolan, our SureClose Specialist, at 618-239-3750 for your sign-on so you can start saving yourself time and money today. We'll even give you and your clients a free CD at closing containing copies of their closing documents.

Give me my policy!

Did you know that lenders and home buyers now receive their title policies at the closing table? Contact Michelle Null, VP Escrow Operations, to learn more about this exciting new program.

Ready to refi?

Lenders and homeowners will want to hear about our fantastically low new refinance rates. Contact us today for a quote!

Why wait?

You can place your next title order now by clicking here.



  Visit MailChimp


We send special notices and tips to customers who have given us their
email address or who have signed up to use SureClose, Benchmark's new
FREE online transaction management system. You may opt out of receiving
these messages at any time.

Our mailing address is:
Benchmark Title Company, LLC
1124 Hartman Lane
Shiloh, IL 62221

Our telephone:

Copyright (C) 2007 Benchmark Title Company, LLC All rights reserved.

Forward this email to a friend.