Recover rental check

[Vlad B.]

Hi community, I had a tenant who didn’t pay 8mo rent and applied for help from reconciliation services. Tenant was approved and check was sent to my PM’s address. It was the wrong address and someone signed the check and deposited via mobile device.

I have the check image, and when it was deposited. What can I do as I am OOS?

[Randall Alan]

@Vlad B.

If you are the designated recipient of the check, I would contact the bank that processed (ie accepted) the check and advise them that the check was fraudulently deposited (if that is what you are saying happened).  See where they go with that.  Big banks (I used to work for one) make good on hundreds of millions of dollars of 'mistakes' / Frauds / etc  on their part A YEAR!  Hopefully they will make you whole after an investigation on their part.  

If the account that received the funds is still open, they would deduct the amount back out of that account and likely credit you with the money (ie. give you a cashiers check for the money).  If it was done with intent (ie. the bank account has zero dollars in it because the people knew what they were doing - stealing your money) then it would be up to the bank to decide if they are going to make it right.  They may require a police report on your part.. just depends on how the bank works.

Hope it helps!

Randy