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Nicole Starnes
  • Real Estate Investor
  • Aberdeen, NC
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Title and Escrow

Nicole Starnes
  • Real Estate Investor
  • Aberdeen, NC
Posted Aug 3 2008, 10:44

It's the little details that count...so, I'm wondering about the process of putting earnest money (if I need one) down on a property.

1. Do I put earnest money down before or after the contract is signed?
2. Do title companies take care of escrow?
3. What do I have to provide with the earnest money? (any documentation?)
4. Escrow fees?
5. Once I assign the contract to my end buyer, what happens to my earnest money deposit? Do I just go get it and let them know that I didn't close on the property?

I'm such a newb, lol.

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