Trust or Escrow Account?? - Posted by Robby_ATL

import · February 5, 2002, 12:51pm

Posted by JoeS on February 05, 2002 at 14:27:22:

It all depends…on your state law regarding this, on whether you are putting up an earnest money deposit for buying a property or receiving one for selling.

import · February 5, 2002, 12:51pm

Posted by Robby_ATL on February 05, 2002 at 13:51:00:

Do I need to set up a “trust” or “escrow” account for earnest money deposits?

Any thoughts or opinions would be helpful.

Thanks

Robert
LandQuest Ventures LLC
Atlanta GA 30305

import · February 6, 2002, 10:46am

Re: Trust or Escrow Account?? - Posted by dewCO

Posted by dewCO on February 06, 2002 at 11:46:57:

It’s usually just easier to have the title company hold it if there are no real estate agents. If there is a selling agent, they usually have a trust account for holding these checks.