Earnest Money Deposits and Wholesaling

[Jazmine Bryant]

To open escrow, we need a signed contract and earnest money deposit check that we give to our title agency. 

If we are wholesaling and assigning the contract to another buyer, what happens to our earnest money check? How do we get that back since we won't be the ones closing? 

Also, if the we give the EMD check to the title agency do they hold the check until it's needed or do they cash it?