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Updated over 12 years ago on . Most recent reply

How to get back earnest money
I recently got a contract accepted from a realtor for a property I am going to wholesale. I put up $1k earnest money and the title company has withdrew it from my account. Now I have a buyer ready to close, but I want to know what do I get my $1k earnest money back? or is it supposed to go towards closing? I'm a little confused what to say to the title company. Closing the deal in a couple of days, so any response will be greatly appreciated.
Most Popular Reply

I'm not sure about Texas, but you should be able to contact the title company and do a swap. I've done it and have seen it done many times here in California (I'm an Escrow Officer). It's normally not a problem or big deal especially if another form of EMD is made payable to the Title/Escrow Company.