Inquiry courtesy of virgolito04: In case a person puts a contract on the house and also applies “earnest money” towards the contract, does the bro?
In case a person puts a contract on the house and also applies “earnest money” towards the contract, does the broker have the correct to cash that check and also put it into escrow just before the bank that controls the property ratifies the contract?
Nevertheless this is regarding In case a person puts a contract on the house and also applies “earnest money” towards the contract, does the bro? which you may must truly resolve dilemmas for their very own own end. Along with any luck, this assists in tons of ways, making almost everything a lot better. Wishing regarding In case a person puts a contract on the house and also applies “earnest money” towards the contract, does the bro? is going to be a resolution in the long operate.
Very best answer:
Solution by acermill
Indeed, if that is what the contract states. In my particular state, we now have nevertheless 48 hours to deposit such earnest money checks. We are definitely not allowed to ‘hold them’ until such time as someone ‘ratifies the contract’.
Solution by daeve930
Sounds like you are purchasing a bank owned property or a little something like that. Within the state where I live, the broker has 48 hours to deposit the check within the escrow account. That is certainly fairly standard.
Do know better?
Leave the answer inside of the comments!
TWEET IT – *clicktotweet*dAeY6 We often hear it, nevertheless how true may be the phrase ‘Money are not able to buy happiness’? Is there a correlation amongst the not one but two, an…
Someone put a contract on a home contract “seriously” If you apply the money to a friend?