One more question about double escrows: Is it normal to require a non-refundable earnest money deposit of 1k-2.5k?

I used an attorney to draft up my purchase and sales agreement and then again to hold my deposit in escrow.

Box or direct deposit or set it up where they don't know your physical address to begin with.

The complicating factor is that although the lease specifically states that there is a security deposit of two months rent ($2,200 total), the tenants were told verbally they could use this amount for their last two months rent, leaving zero security deposit at move-out time.

Still you can see the similatities ten seperate notes (mortgages) backed by the same asset in this case a home in the banks case a single deposit of (Fiat money).I mean in a system where the only real value of our money is in other countries belief of our ability & willingness to pay back the debt.I think the only way out of this is for people to only purchase the things they need.

You are going to want to take a non-refundable deposit from your buyer.

My question is on my initial offer to the REO lender how much deposit do I need?

My PM sends my checks directly to the bank for deposit and a copy to me.

Some times it is structured by what type of buyer you have.I typically have the title company hold the deposit check after I have identified an end buyer.Robin

I would get a deposit in my account when the PM collected the rent, and I would cut a check to the MH park and mail it.