1,662,036
No.
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Michael Jacobs
Pasadena, CA
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Sandy Padula & Norm Pa...
, CA
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Frank Rubi
Metairie, LA
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John McCormack, CRS
Albuquerque, NM
4,319,419
Frank Rubi, MBA it's a good idea - however, checks are okay, as of now....
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Frank Rubi
Metairie, LA
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Sandy Padula & Norm Pa...
, CA
4,800,082
We use a title company or attorney for the earnest money and we go by their policies.
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Michael Jacobs
Pasadena, CA
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Sandy Padula & Norm Pa...
, CA
631,962
NO. My Broker and I do not require certified or wired funds. In some cases that is just extra costs for the buyer.
BUT, He does call the bank and veify that the funds are there before he deposit the check.
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Frank Rubi
Metairie, LA
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Sandy Padula & Norm Pa...
, CA
1,466,207
Frank Rubi, MBA No, but they must be deposited withing five business days by law.
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Frank Rubi
Metairie, LA
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Sandy Padula & Norm Pa...
, CA
699,277
Not the broker but the board. Wired only no exceptions.
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Sandy Padula & Norm Pa...
, CA
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Frank Rubi
Metairie, LA
4,883,260
4,434,127
If the closing is within 30 days , the checks have to be certified checks.
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Sandy Padula & Norm Pa...
, CA
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Frank Rubi
Metairie, LA
3,340,443
No....we do have some tiitle companies that do that...not welcome by Buyers when a wire is the only accepatable method.
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Sandy Padula & Norm Pa...
, CA
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Frank Rubi
Metairie, LA
3,626,530
We don't handle earnest money. All checks are made out to the title company.
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Sandy Padula & Norm Pa...
, CA
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Frank Rubi
Metairie, LA
979,496
Frank - Not yet, but I am sure it will be coming to that. Right now we still accept cashier's checks.
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Sandy Padula & Norm Pa...
, CA
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Frank Rubi
Metairie, LA
1,712,676
No, I am I am not aware of any broker who limits it to that.
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Frank Rubi
Metairie, LA
5,104,931
No... in fact we don't take wire transfers. If a client wants to wire funds go to the closing attorney. We really haven't had any serious issues with bad checks.
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Frank Rubi
Metairie, LA
474,492
My company still accepts EMDs as checks. There are many companies around here who no longer accept EMD at all.
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Frank Rubi
Metairie, LA
5,583,278
no, and I hope that doesn't happen....we have very few problems with checks....
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Frank Rubi
Metairie, LA
61,641
No, we do not have a policy that earnest funds must be certified or wired, only if settlement is scheduled to close within 30 days.
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Frank Rubi
Metairie, LA
4,572,520
Our broker doesn't have a policy per se but our standard California purchase agreement now states that unless otherwise stated that earnest money funds are electronically transferred. That's generally how it is handled. If it is a check then it needs to be logged into a trust fund log and properly documented.
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Frank Rubi
Metairie, LA
1,726,096
That policy is from the title companies, not our broker of record. Wired.
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Frank Rubi
Metairie, LA
3,071,489