Wholesaling process

[VLADIMIR LOPEZ]

After the seller and wholesaler agree on numbers. If there is earnest money involved, who would the wholesaler give to money to. I've heard in massachusetts it's different from other states as far as title companies.

[Account Closed]

Originally posted by @Justin Silverio:

yes, you should provide an earnest money deposit to bind the contract. You provide the EMD to your attorney and they will put it in an escrow account. The EMD can be as little as $1.

I understand that you give your EMD to your attorney, at this point in the process do you also give your attorney the signed "Agreement to Purchase"? Is there a cost associated with having your attorney take the EMD and file the "Agreement to Purchase"?

Also, what if your Cash buyer wants to use a different closing agent? Does everything get transferred?