Posted by Kristine-CA on January 11, 2004 at 12:46:33:
Troy T: here in CA escrows are typically handled by escrow/title companies, not lawyers.
Earnest deposits won’t be cashed until you are actually in escrow, and can be as little as your buyer will accept. I usually offer $100 or $500.
I doubt an escrow company will let you have a revolving $1K, as they are required to deposit funds into each escrow as it’s opened. But it never hurts to ask. Sincerely, Kristine