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Updated about 9 years ago,
Buyer's Earnest Money Deposit
Hi all,
In what form do you accept a buyer's earnest money deposit? I've heard of some investors who only accept a cashier's check and others who will take a money order for EM.
If you are in the cashier's-check-only camp, do you find it a nuisance trying to lock up a deal on the weekend when it is extremely difficult for a buyer to get a cashier's check since banks are closed?
Thanks for your input! Looking forward to the replies. I'm in TX if that makes a difference in the process.