Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

402
Posts
96
Votes
Russell Ponce
  • Investor
  • Santa Rosa, CA
96
Votes |
402
Posts

Deposit amount to open escrow

Russell Ponce
  • Investor
  • Santa Rosa, CA
Posted

I'm working on my first wholesale deal and the title company wants $500 to open escrow. In the purchase agreement my earnest money is $25. I haven't done any business with them obviously as this is my first deal but I do have an advocate in the title company and a backup company as leverage. I have some things going for me to negotiate with but first I just wanted to ask the community if this is regular? I've never heard of anyone being forced to put up more than the earnest money to open escrow.

Thanks for your input in advance,

Russell

Loading replies...