Escrow Accounts
I have called 4 different so called title companies and asked about setting up escrow accounts and if they have a problem with double closing etc. I've been told all 4 times that we are in a Lawyer state (SC) which means the lawyer handle the closing and the RE agents holds all the funds until then. If this is the case what are your suggestions on how I should handle any earnest money and/or deposits? Should I give that directly to the seller. And second when I assign the contract should I expect to receive earnest money/deposit directly from my buyer or should I expect that too to go in some account until closing? Thanks is advance for your help and suggestions.
rns
Find yourself a real estate attorney to do the closings, and leave the deposit with him/her.