Talk to CJ
Buyer’s Earnest Money Deposit on a Short Sale?
July 27, 2012
Q. CJ, can you explain what “buyer to deposit earnest money with escrow pending lender approval” means in the purchase agreement for the short-sale I’m buying means? In “traditional” sales, the earnest money deposit is put into escrow within a contractually designated period (3 days customary for California) upon confirmation of acceptance of the offer […]