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Updated almost 7 years ago,
Commingling Question - Urgent!
Hey BP members! I have a question about a current situation I am in. So heres the breakdown:
EMD amount of $1,000 - selling agent was provided with wiring instruction (account and routing for escrow account)
Buyer used email to "wire" EMD
Somehow (guessing they did not do a wire but a transfer using my email address) the funds went into my personal checking account
What now? Kind of summed it up to 2 ways
1. Cut a bank check from my personal account made to the escrow account, deposit it - and keep all documentation of why/how this deposit came from my personal account
2. Refund buyers the EMD deposit of $1,000 and have them resubmit the funds to the proper account?
Any help would be appreciated - I am located in CT but believe commingling laws are the same across the board