Ernest Money Note

I have seen some people talk about an ernest money note. Does anyone have any examples of these?

In what type of situations are you using them?

I am trying to buy a property from a bank that takes forever to get back to us and instead of writing out a check everytime, I would rather just give them the note.

Comments(2)

  • myfrogger27th October, 2004

    I don't like to use notes as earnest money. It defeats the purpose.

    Instead add to your contract that $XXXX earnest money will be given upon the acceptance of the offer. You can even go so far as write out a check and include a photocopy.

  • commercialking27th October, 2004

    Any office supply store will have a pad of Promisory notes for sale.

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