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I don't claim to know much about but as - sm

Posted By: XXX on 2007-06-10
In Reply to: About earnest money on sale of house - Elaine

far as I know any deposit money the buyer has put down on your house goes into an escrow account (not into your pocket--and this is considered a downpayment), then at settlement the money in the escrow account is applied to the sale price of the house. The money is the buyers until settlement; granted they may lose some or all of that money if they pull out of the deal depends on how your state/or realtor handles that problem, I think they are all different. If they did pull out, then in theory you would get their deposit money, either all or minus some commission for the realtor as well. No matter what you will not see a penny until the papers are all signed, sealed and delivered.


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When filing a homeowners claim consider this...sm
Homeowner's policies are determined by how many claims you file in "x" period of time, not the dollar amount. Therefore if you file a claim for instance for the carpeting and the replacement is $4000, then have another claim then you'll probably be cancelled or have rates go up, regardless of whether or not the next claim is for something with a high ticket dollar amount or not.

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Kind of hurts her claim that she is not a gold-digger - sm
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