Comments on: Earnest Money Deposit on REO Properties http://buildbankroll.com/2009/08/earnest-money-deposit-on-reo-properties/ Wed, 25 Jan 2012 20:09:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve http://buildbankroll.com/2009/08/earnest-money-deposit-on-reo-properties/comment-page-1/#comment-3879 Steve Sun, 28 Aug 2011 21:27:19 +0000 http://buildbankroll.com/?p=492#comment-3879 Bandit signs in general are a debated subject. They are illegal to hang in most counties, or at the very least frowned upon. People still do it all the time and just hope they don't get caught. Real Estate Agents must have their license # in all communication. So I guess technically if you are licensed you are supposed too. Bandit signs in general are a debated subject. They are illegal to hang in most counties, or at the very least frowned upon.

People still do it all the time and just hope they don’t get caught.

Real Estate Agents must have their license # in all communication. So I guess technically if you are licensed you are supposed too.

]]> By: Stephen http://buildbankroll.com/2009/08/earnest-money-deposit-on-reo-properties/comment-page-1/#comment-3852 Stephen Thu, 18 Aug 2011 10:47:01 +0000 http://buildbankroll.com/?p=492#comment-3852 Hello Steve. I discovered your website tonight through biggerpockets.com Excellent amount of info and I have added it to my collection of great blogs. I am just getting started to take action in building my wholesaling business. You know the deal, begin wholesalingm build confidence and capital, then start flipping my own properties. I've gone back to the beginning of your site and will read everything up to the present. You are definitely having the success and it looks like the fun that I want to have. Quick question, I know the advantages and disadvantages of having your own RE license, Do you have a license personally or do you have a realtor on your team? I'm hearing that you can not even hang bandit signs without acknowledging that you are a realtor if you have a license. Is that true? Thanks for your time. Great info on earnest money deposits for REO's, btw. That article is like a module in itself in some of these RE courses out there. Hello Steve. I discovered your website tonight through biggerpockets.com Excellent amount of info and I have added it to my collection of great blogs. I am just getting started to take action in building my wholesaling business. You know the deal, begin wholesalingm build confidence and capital, then start flipping my own properties. I’ve gone back to the beginning of your site and will read everything up to the present. You are definitely having the success and it looks like the fun that I want to have. Quick question, I know the advantages and disadvantages of having your own RE license, Do you have a license personally or do you have a realtor on your team? I’m hearing that you can not even hang bandit signs without acknowledging that you are a realtor if you have a license. Is that true? Thanks for your time. Great info on earnest money deposits for REO’s, btw. That article is like a module in itself in some of these RE courses out there.

]]> By: carol http://buildbankroll.com/2009/08/earnest-money-deposit-on-reo-properties/comment-page-1/#comment-3821 carol Mon, 25 Jul 2011 14:55:52 +0000 http://buildbankroll.com/?p=492#comment-3821 the seller (bank) asked for a good faith deposit be a cashiers check made out to a attorneys office . is that legal or normal? i am set to sign addendum papers today and make the ck. i feel uneasy about this process, I have bought homes before and never made a check out to the sellers attorney. the seller (bank) asked for a good faith deposit be a cashiers check made out to a attorneys office . is that legal or normal? i am set to sign addendum papers today and make the ck. i feel uneasy about this process, I have bought homes before and never made a check out to the sellers attorney.

]]> By: Steve http://buildbankroll.com/2009/08/earnest-money-deposit-on-reo-properties/comment-page-1/#comment-938 Steve Mon, 15 Nov 2010 10:31:31 +0000 http://buildbankroll.com/?p=492#comment-938 Israel - if the check isn't made to your company I do not think you should have to log it. But I am not sure, probably be best to ask your broker. Israel – if the check isn’t made to your company I do not think you should have to log it. But I am not sure, probably be best to ask your broker.

]]> By: Israel http://buildbankroll.com/2009/08/earnest-money-deposit-on-reo-properties/comment-page-1/#comment-935 Israel Sun, 14 Nov 2010 22:06:25 +0000 http://buildbankroll.com/?p=492#comment-935 if seller is asking for a cashir check after an offer has been accepted, do I still have to make a copy and log it in my broker's office logger. if seller is asking for a cashir check after an offer has been accepted, do I still have to make a copy and log it in my broker’s office logger.

]]> By: Jason Harris http://buildbankroll.com/2009/08/earnest-money-deposit-on-reo-properties/comment-page-1/#comment-251 Jason Harris Tue, 13 Oct 2009 21:00:44 +0000 http://buildbankroll.com/?p=492#comment-251 I m getting started on wholesaling. I have absolutly no money!!! but two good properties and 5 good buyers! this might be my first wholesale deal. But Im nervous about how to get this deposit problem worked out(no money) can you help me? also is it ok to write a invalid check(just to submit an offer!!) even though my buyer will be supplying the real check at escrow? I m getting started on wholesaling. I have absolutly no money!!! but two good properties and 5 good buyers! this might be my first wholesale deal. But Im nervous about how to get this deposit problem worked out(no money) can you help me? also is it ok to write a invalid check(just to submit an offer!!) even though my buyer will be supplying the real check at escrow?

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