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Updated about 5 years ago,

User Stats

39
Posts
1
Votes
Quentin Brown
1
Votes |
39
Posts

Earnest money process question

Quentin Brown
Posted

We are going to start putting in some offers to put properties under contract for wholesaling Now that we have a good buyers list. I'm kind of confused on the process and Hoping to get some clarity. 

When we find a motivated seller and agree upon a price and signing the contract, do I physically give them $100 to $500 in earnest money while I'm locking up their property for 40 days or do I give it to the lawyer office who does the title search?

I'm in Georgia so we use lawyers, not title companies. 

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