Earnest Money Concern

[Account Closed]

Is Earnest Money mandatory when doing Wholesale Deals? Would  closing a deal in (2) weeks from the signing of the contract be an incentive in exchange for no Ernest Money down ? Earnest Money has to be returned to the buyer if the closing does not take place before the specified date anyway.

Thanks For Any Input

Mike

[James Green]

@Account Closed, if you give an earnest money deposit, NEVER give it to the seller. It's not their dinner money, it does the the title company. If they want you to write them a emd, run not walk away.