Posted by JoeS on February 05, 2002 at 14:27:22:
It all depends…on your state law regarding this, on whether you are putting up an earnest money deposit for buying a property or receiving one for selling.
Posted by JoeS on February 05, 2002 at 14:27:22:
It all depends…on your state law regarding this, on whether you are putting up an earnest money deposit for buying a property or receiving one for selling.
Trust or Escrow Account?? - Posted by Robby_ATL
Posted by Robby_ATL on February 05, 2002 at 13:51:00:
Do I need to set up a “trust” or “escrow” account for earnest money deposits?
Any thoughts or opinions would be helpful.
Thanks
Robert
LandQuest Ventures LLC
Atlanta GA 30305
Re: Trust or Escrow Account?? - Posted by dewCO
Posted by dewCO on February 06, 2002 at 11:46:57:
It’s usually just easier to have the title company hold it if there are no real estate agents. If there is a selling agent, they usually have a trust account for holding these checks.