All Forum Posts by: Troy Michaels

the realtor submitted the contract and addendums today. i have already signed them. she submitted them without a COPY of the earnest money check. the check is to be made out to the realtor, not the bank, so hopefully, i can give the realtor the check tomorrow or tuesday and they go ahead and send a copy to the bank.

one more thing, the investor is out of town on a fishing trip, so getting him to front the money today is impossible.

Got a contract accepted by a bank yesterday. they want a fast closing and i originally was under the impression that they wouldnt require earnest money. (they wanna close may 26.) anyway, went to the realtor today and they want $1,000 by 5 pm to submit with the contract. the investor im using to finance the deal is a private investor i havent worked with before, so, im HOPING they come to the closing as planned. this deal was put together real fast because i didnt expect my low offer to be accepted, just threw something out there. the investor wants to loan me money and carry a security deed until i pay them off. im SCARED to put the 1,000 down without having worked with this guy before. i thought about telling the realtor that i cant submit the money until tuesday (gives me more time to talk with investor and make sure we are clear), but the realtor said the bank may throw out the contract. what should i do????