Earnest payment - Wikipedia

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Who should the earnest money check be made out to? Highest rated Recent Oldest. Thu Nov 17, In some states, buyers close the house buying process at the attorney's office. In NC, for example, buyers will choose the closing attorney they want. When they write the offer, they can choose to write the earnest money check to their own attorney's escrow fund where it will be held until the closing.

The check could also be written to the listing agent's real estate company's escrow account. When the buyer first writes the offer, their buyer's agent should discuss this with them. Whichever they choose, and the seller agrees to on the contract, that is where the check is written.

So, it could be EXAMPLE LAW FIRM or EXAMPLE REAL ESTATE COMPANY. Be sure to put in the memo line: Escrow account for State St the address of the house. The buyer can also choose whether to deliver the check with the offer or within 5 days of the signing of the contract. That can give the buyer time to put the check in the mail. Good luck and congratulations on your new home!

Sun Dec 16, Earnest money checks are made out to the escrow company.

If the information is not available, the check may be made out to the brokerage and then held and endorsed over to the escrow company at opening of escrow. Best, Linda Dye http: Tue Aug 16, Most bank owned or foreclosures require that the earnest money is held with the listing agent's broker or the title company.

If it is a regular sale than the earnest money is typically held with the buyers agent broker. If it is a new build it is typically held with the builder. Read your contract to be sure!

Ron Thomas , Agent, Fresno, CA. Probably the Title Company: But why are you asking this question? Do you not have a Buyer's Agent protecting you? Andy , , California. Hi Bee, Each local may have different custom. The earnest money check should be made out to the escrow agent's company where it will be held.

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When will the earnest money check be cashed? Who gets the earnest money?

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