How Soon to Submit the Earnest Money Deposit

[Tiara Murray]

How soon after your offer is accepted do you submit the earnest money deposit

[Jamie Keeton]

And if you are dealing with REO, a lot of the banks are now requiring proof that the closing/title company has received those funds. They are not releasing their signed contracts until they verify this.

(SIDE NOTE): Before sending, always confirm where to send the check to and what type of funds are required (wire, personal, certified). It's never fun tracking down a lost EMD check. With the "good funds law", many are limiting the type of funds they will accept these days...