Earnest Money Deposit

[Account Closed]

Do you need a earnest money deposit to submit bids on all real estate properties, when dealing with realtors or will a proof of funds letter do.

[Jon Holdman]

Yes. The earnest money shows up on the HUD as money you've already paid.

I'm with Harrison, no earnest money until everyone's signed the contract. If its a short sale, the bank's signature is the one that matters, not the owners.