0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Should you give your earnest deposit money to the title co?
An earnest money deposit is a good faith deposit that a buyer puts forth to secure the contract and to illustrate to the seller the seriousness of their investment. The following are some guidelines as to how/who a buyer should facilitate their earnest deposit to:Never give an earnest money deposit to the seller.Make the deposit payable to a reputable third party such as a well known real estate brokerage, legal firm, escrow company or title company.Verify that the third party will deposit the funds into a separately maintained trust account.Obtain a receipt.It is unadvisable to authorize a release of your earnest money (or a pass-through) until your transaction closes.
How do you get your earnest money back after failed real estate deal?
You need to review your contract to determine how and if you can get your deposit back.
What is creative real estate financing?
Creative real estate financing is a way of solving the money shortages of others by using other people's money in a real estate transaction. For more details, visit this explanation: http://www.carletonsheets.com/creative-financing-articles/what-is-creative-real-estate-financing
How to deposit money to alert pay via money order?
Hi. As far as I knnow the easiest way to deposit money into Alertpay via money order is 1. Login to your account 2. Click on Deposit and choose Money order (There is no fees associated with Money order deposit) 3. A new page would open asking you amount. Enter the amount. 4. Click next - A new page would open showing simply the details of your transaction. 5. Click deposit and you get a new page which shows you the same info as in Step 2 plus a REFERENCE NUMBER for your transaction and alertpay address and department. 6. Go to Western Union - Purchase a money order from Western Union in USD and fund your account that way. Please make sure to create a deposit transaction and follow all instructions. The money order has to be sent by you to the address listed at the last step of the transaction. Write your reference number on the money order. For further assistance write to or call Alertpay staff. You can also fund your account by joining PTC sites and earning from them. Visit this blog for further info on earning from PTCs. http:/www.makingmoneyfromptcs.blogspot.com Your in humanity David
What is the difference between the balloon payment and deposit?
A Balloon payment is a lump sum of principal reduction due at the maturity of the loan. I have no idea how itcompares to a deposit as a deposit is usually a transaction when money is put into a savings/checking account which is a totally different side of the bank...
What is a sentence with the word transaction?
Each time you deposit in or withdraw money from the bank you create an accounting transaction.
WHAT IS EMD guarantee?
Earnest Money Deposit. It is show the seriousness of the buyer in carrying out the transaction
Should you give your earnest deposit money to the title co?
An earnest money deposit is a good faith deposit that a buyer puts forth to secure the contract and to illustrate to the seller the seriousness of their investment. The following are some guidelines as to how/who a buyer should facilitate their earnest deposit to:Never give an earnest money deposit to the seller.Make the deposit payable to a reputable third party such as a well known real estate brokerage, legal firm, escrow company or title company.Verify that the third party will deposit the funds into a separately maintained trust account.Obtain a receipt.It is unadvisable to authorize a release of your earnest money (or a pass-through) until your transaction closes.
What does deposit amt mean?
trying to make an account online to see how much money i have in the bank and i dont know what it is
How do you get your earnest money back after failed real estate deal?
You need to review your contract to determine how and if you can get your deposit back.
What is creative real estate financing?
Creative real estate financing is a way of solving the money shortages of others by using other people's money in a real estate transaction. For more details, visit this explanation: http://www.carletonsheets.com/creative-financing-articles/what-is-creative-real-estate-financing
How to deposit money to alert pay via money order?
Hi. As far as I knnow the easiest way to deposit money into Alertpay via money order is 1. Login to your account 2. Click on Deposit and choose Money order (There is no fees associated with Money order deposit) 3. A new page would open asking you amount. Enter the amount. 4. Click next - A new page would open showing simply the details of your transaction. 5. Click deposit and you get a new page which shows you the same info as in Step 2 plus a REFERENCE NUMBER for your transaction and alertpay address and department. 6. Go to Western Union - Purchase a money order from Western Union in USD and fund your account that way. Please make sure to create a deposit transaction and follow all instructions. The money order has to be sent by you to the address listed at the last step of the transaction. Write your reference number on the money order. For further assistance write to or call Alertpay staff. You can also fund your account by joining PTC sites and earning from them. Visit this blog for further info on earning from PTCs. http:/www.makingmoneyfromptcs.blogspot.com Your in humanity David
What is the difference between the balloon payment and deposit?
A Balloon payment is a lump sum of principal reduction due at the maturity of the loan. I have no idea how itcompares to a deposit as a deposit is usually a transaction when money is put into a savings/checking account which is a totally different side of the bank...
When closing a real estate deal what will the real estate broker do with the deposit?
The earnest money deposit is held in an escrow account until the closing takes place. At closing the earnest money is either credited to your side to add to your down payment or it can be credited back to you in the form of a check. If your deal does not close there are different rules in each state as to how the earnest money will be handled.
How is checking account credit defined?
Its a transaction deposit account where you can deposit or withdraw money from using checks or automated cash machines. It allows more than one withdrawal and that's what makes it different from other accounts.
Does anyone know how it is possible for an attorney to cash a estate cheque if he is the 2nd executor on the estate and the brother of the deceased is the first executor?
You take it to the bank and cash it with the letters of authority. If the money is going into the estate accounts, anyone can deposit it.
Who holds the down payment?
The down payment and good faith deposit are often confused as one and the same. The down payment is the amount of cash a Buyer puts in to a purchase of a property. Example: John Doe is buying 100 Main St. for $100,000. Mr. Doe is applying for conventional financing with 20% down. Therefore, his downpayment would be $20,000. The good faith deposit is the amount of money given by the Buyer to the escrow agent in a real estate transaction. The escrow agent is usually an attorney for the seller or a title company. The good faith deposit can be the entire amount of the downpayment, or a portion. This is determined in the contract of sale.
