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Updated over 15 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • Real Estate Investor
  • from jacksonville, Florida
  • Member since Aug 3, 2008
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Account Closed's profile image
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Account Closed
  • Real Estate Investor
  • from jacksonville, Florida
  • Member since Aug 3, 2008
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Account Closed
  • Real Estate Investor
  • jacksonville, FL
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Earnest Money Deposit

Account Closed
  • Real Estate Investor
  • jacksonville, FL
Posted

Do you need a earnest money deposit to submit bids on all real estate properties, when dealing with realtors or will a proof of funds letter do.

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Yes. The earnest money shows up on the HUD as money you've already paid.

I'm with Harrison, no earnest money until everyone's signed the contract. If its a short sale, the bank's signature is the one that matters, not the owners.

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