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Updated almost 10 years ago on . Most recent reply

SheenaMichael Dillon's profile image
SheenaMichael Dillon's profile image
SheenaMichael Dillon
  • Real Estate Investor
  • from Spring, Texas
  • Member since Feb 11, 2015
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SheenaMichael Dillon's profile image
SheenaMichael Dillon's profile image
SheenaMichael Dillon
  • Real Estate Investor
  • from Spring, Texas
  • Member since Feb 11, 2015
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SheenaMichael Dillon
  • Real Estate Investor
  • Spring, TX
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21
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Real Estate Deal Analysis & Advice

Newbie MLS Wholesale Question

SheenaMichael Dillon
  • Real Estate Investor
  • Spring, TX
Posted

Hi there, we have an offer in on an MLS wholesale deal. We have put 1% Earnest Money to our Title Company in escrow. The contract is for sale currently and we're 6 days out from our option period.

Question is, do I get my earnest money back when the deal closes? So for example would I get  $5,000 assignment fee plus my $1000 earnest back? 

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