Writing an Earnest Money Deposit Check Off A Friend’s Checking Account?

August 14th, 2014

I have seen a few buyers be in a pinch for one reason or another, and not have immediate access to their checkbook. As a result, when writing an earnest money deposit as part of a real estate contract, they use any source they can find, such as a friend or a parent, figuring they’ll pay them back later. However, that can create a problem or at the very least more paperwork. Read the rest of this entry »

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