When will earnest check be cashed

When will earnest check be cashed

Posted: stat24 Date: 21.06.2017

Frank Abagnale — The True Story of a Real Fake | Catch the Truth If You Can

I was looking at a home that I was thinking I would be able to pay cash for. The Realtor was a high school friend of mine. He first asked for proof of funds I explained to him that I could not provide that because I simply didn't have it. I didn't have it because I was suppose to be given some money from a settlement from a family member.

I explained that to the Realtor and he understood. He asked if I had a check to put down dollars. I explained to him that I didn't have checks for my account.

when will earnest check be cashed

He then asked did my mother or any other family member have one. Long story short my mom gave the check. She was told by him that her check would not be cashed until closing and that he would call her first.

My mom only gave her check because he said it wouldn't be cashed. My mother didn't sign any contracts. He deposited this check without my moms knowledge causing her mortgage check to be returned.

We never closed on this property.

What to do if the seller wont return your earnest money

It was never taken off of the market and it is still for sale now. My mom is very upset and I need to know what to do about this matter. So many things went wrong there it's tough to know where to begin. Your friend has agency laws and contract requirements that they failed to perform.

And you put him in the position to do so Maybe you represented an ability to buy that was or would have been fraudulent.

Contact an attorney and wait for the other shoe to drop You can request your escrow deposit back from the agent. Which the agent's Broker is the one who should be holding this money in an escrow account. Since the contract did not go through they have no reason to hold your escrow. If your agent does not return the deposit then you can go directly to the Broker and request the return of your deposit. In the contract that was signed it should of stated where you deposit was to be held and when it would of been deposited.

I am sorry this has happened to you.

Understanding the Earnest Money Deposit | iwysuhod.web.fc2.com®

Given all you have said you have every right to the return of your deposit. Are you interested in having a qualified REALTOR answer your questions?

when will earnest check be cashed

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Is A Check For Earnest Money Supposed To Be Cashed? Dear Buyer, You can request your escrow deposit back from the agent. Editors' Picks Celebrity Real Estate.

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