Copy of cleared earnest money check

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This is about purchase in Nevada I was going to make an offer and agent asked for the earnest money check to be held by him before he submits an offer. When I made offers before in other places they weren't acceptedthey only asked for the copy of the earnest money check I'm not comfortable giving away large amount of hard money before my offer is accepted doubt it'll be accepted as I'm offering below what's asked. Is it a normal thing to ask for hard money in this case versus check copy?

Earnest Money: Copy of a Check or Proof Of Funds? - Searchlight Crusade

Huh, a copy should suffice before the offer is accepted I decided I won't make an offer if they don't let me to present just a copy of the check at first, until it's accepted actually Do you know anything about this matter?

He said there'd be some kind of paperwork, like you say I called another agent in the same county and asked what's needed for offers It's not that I don't trust the agent I think I rather be safe than sorry Plus, I don't live in the town where I'm trying to make an offer, it's hours of driving from me I just bought and my agent only asked for a scan of the cashier's check. The way we usually do it in my area is we send a copy of the check with the offer. I keep the actual check, cash, money order, cashiers check with the original paperwork.

Earnest money check not deposited | Zillow

When the offer is accepted I then can deposit the fund it into the escrow account of choice. I don't have to go back to the buyer and get anything else from them. As a Buyer's agent I am acting as their fiduciary and part of my job is handling funds appropriately.

I have only had cash once it is not preferred. My understanding is that if offer is accepted I can mail this check directly, to be put into Escrow account. So, I don't feel it's OK to give it, and copy should suffice.

I decided I'd have to try with another agent who's ok with a copy, if this agent isn't cool with it.

I would just open an account. You can't cancel a cashiers check. I have an account. Yes, can't cancel cashier's check, it's almost like hard cash.

I just find it's unusual tradelikeapro simple forex tester be asked for hard copy, as I spoke to over a dozen real estate agents and they all told me they'd only need a copy if I placed an offer. I think it's a sign he either mistrusts me or wants to defraud me.

What is Earnest Money and How Does It Work? | uqyhadet.web.fc2.com®

I don't trust them In this share market ppt free download case, I think going into a credit union or community bank and opening a checking account would be warranted. In making offers for REO, it is usual and customary, in my area, for copy of cleared earnest money check agents to ask for checks with the offers.

This allows them to weed out any less than serious offers. If this is what is happening in your situation, you need to be considered a serious buyer, but with minimal detriment to your situation. Have you ever tried to replace a lost cashier's check? Or void and redeposit one.

Both relatively simple processes, both could leave you without immediate access to those funds. If you don't trust your agent, you need a new agent. Then I sign all the offer docs, and scan them all in including the bank check. Then I email a single PDF over to the realtor. I've never had an issue, I never mail them the check unless the offer is accepted. When the offer is rejected, I simple bring it back to the bank, endorse the check "not used for intended purpose".

The bank puts the money back into my account. I've done it many, many times. If the realtor insists on getting the physical check, tell them no, a photo copy a bank check is fine until you get a signed, accepted offer.

Let them know this is the way its done. If they wont accept it, you will find another realtor who will. Please register to post and access all features of our very popular forum. It is free and quick. Additional giveaways are planned. Detailed information about all U. Posting Quick Reply - Please Wait. Search this Thread Advanced Search.

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