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Updated about 11 years ago on . Most recent reply

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Darrell Jones
  • Investor
  • Bristol, CT
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Earnest Money

Darrell Jones
  • Investor
  • Bristol, CT
Posted

Hello everyone,

I have a question regarding earnest money and making sure the seller doesn't walk away with any earnest money I give him/her.  How do I protect myself from a seller disappearing with my earnest money for a property I put under contract?  I believe I was told to use my own escrow/title company or the sellers but how can I be sure that they will really put the money in escrow if they insist on using their own?

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You make the check out to the title co, not the seller.

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