Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: TurboZamboni

Hm. I used my closing attorney as an escrow agent. The buyer gave the earnest money to the attorney.


10 posted on 10/17/2014 5:11:48 PM PDT by bolobaby
[ Post Reply | Private Reply | To 1 | View Replies ]


To: bolobaby

In Cal if the buyers real or receives the deposit check they must set up a trust fund. Trust funds are audited by the state every year.

We have the buyer give or mail the cheek directly to the escrow company. Most escrow companies will not open escrow until they have the check in hand.

Are you in the east or do you just always use an attorney?

I know the original colonies use attorneys and not escrow companies.


12 posted on 10/17/2014 5:23:49 PM PDT by morphing libertarian
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson