no

Posted By: sm on 2007-06-11
In Reply to: About earnest money on sale of house - Elaine

Earnest money is not a downpayment -- 2 separate things. It is a committment to the contract. If your end of the contract does not hold up, buyer gets his money back. If he backs out of the deal for any other reason, then the $ is yours. Escrow is the right place for it.

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About earnest money on sale of house - Elaine
- no - sm
- Ernest money - Patti
- Ernest money is yours to keep regardless. It - should be paid in cash to you up front with terms.
- escrow - mk
- What I have experienced in that past - - old dog
  - Thanks for the info but not really getting that much - Elaine
    - I think he did it wrong; even if you are selling a house - sm - XXX
      - The 10% was lakefront property - Elaine
        I meant that if a buyer gave him - sm - XXX
- I don't claim to know much about but as - sm - XXX

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