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Updated over 10 years ago on . Most recent reply

User Stats

80
Posts
14
Votes
Darrell Jones
  • Investor
  • Bristol, CT
14
Votes |
80
Posts

Earnest Money

Darrell Jones
  • Investor
  • Bristol, CT
Posted

Hello everyone,

I have a question regarding earnest money and making sure the seller doesn't walk away with any earnest money I give him/her.  How do I protect myself from a seller disappearing with my earnest money for a property I put under contract?  I believe I was told to use my own escrow/title company or the sellers but how can I be sure that they will really put the money in escrow if they insist on using their own?

Most Popular Reply

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23,418
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13,511
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,511
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You make the check out to the title co, not the seller.

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