Earnest Money

Title Tip: Earnest Money Delivery and Delays

By Lydia Blair / July 2, 2019 / 0 Comments

When someone is buying a house, there is a deadline in which to deliver their earnest money to the title company. And they’d better not miss it. We don’t care if it’s too hot outside, they overslept, or the dog ate their homework. A deadline is a deadline. A buyer has three days to deposit […]

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Title Tip: Should You Duke it Out Over Earnest Money?

By CandysDirt.com Contributor / November 13, 2018 / 0 Comments

By Lydia Blair Special Contributor Business conflicts always seem to revolve around money. It’s no surprise that some of the worst disputes we see at title companies are over earnest money: Who wants it. Who is entitled to it. Who thinks they’re entitled to it. Etcetera. It can get uglier than avocado appliances and shag carpet. […]

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Title Tip: Show Me The Earnest Money

By CandysDirt.com Contributor / June 14, 2018 / 1 Comment

By Lydia Blair Special Contributor When putting a contract on a property, a buyer can usually expect to write two checks to accompany their contract — an option fee check and an earnest money check. There is no strict rule about how much each of these checks must be. The amount of this up-front money […]

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Title Tip: TREC Changes The Rules Regarding Escrow Money

By CandysDirt.com Contributor / March 28, 2018 / 0 Comments

By Lydia Blair Special Contributor The Texas Real Estate Commission (TREC) recently updated the standard residential contracts to now address policies regarding deposits of earnest monies. These changes become mandatory May 15, 2018. On the first page of the newly updated Texas contracts, it states that “Within 3 days after the Effective Date, Buyer must deliver $___ […]

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ZOCCAM Smartphone App Streamlines Title Transactions For Licensed Agents

By Joanna England / December 2, 2014 / 0 Comments

Let’s say you’re in hot pursuit of a home that has multiple offers and you want to get your earnest money in and get the home locked down quick. It’s a total pain in the posterior for some agents when they have to race across town to the title company to get that check in […]

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