Can anyone tell me how much (if any), and who should hold, earnest money on an Offer to Purchase and Contract in a short sale deal? I appreciate all responses.
I always try to get by with no money but every now and then its about 1000.00
It’s a good idea to have the title company hold any earnest money. Giving it to the seller is a bad idea. You also will want to do a title search to find all liens and judgements.