Titling company misplaced cashiers check

[Kat Rathell]

So, 3 months ago after we closed on one of our investment properties the titling company misplaced our cashiers check for a portion of the closing costs, in the amount of $10K.

They reached out to see if the check can be canceled and reissued, and we found out from the bank that we have to wait for 90 days.

We did, and now the bank stated that yes, they can reissue the check, but we have to sign a disclaimer that contains a tricky provision stating that in the event someone comes in with the original check, they’ll have to honor it - at our expense.

What can we do to make sure we get this resolved, but do not open ourselves up to having to pay it again, *** years down the road? We don’t think the titling company may do so intentionally, but people come and go, and someone may find the check in a wrong file folder in 5 years and decide to cash it to be thorough.

Thank you!