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earnest money deposit: Agents giving buyers earnest money - 11/02/11 07:59 PM

I've recently heard of a few real estate agents in town that are giving or loaning their buyers the funds to cover the earnest money for a home purchase. 
Have you fronted the earnest money for a buyer who didn't have adequate finances in their bank account to cover the deposit for a home? 
Situations occur where buyers may not get paid for another week or have an unexpected bill or repair that cleans out their checking account.  On the other hand, if a buyer cannot come up with the earnest money, can they afford the other costs associated with buying a home?  Is there a law … (10 comments)

 
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Colorado Springs Realty Patricia Beck

Colorado Springs, CO

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Re/Max Real Estate Group, GRI, CDPE

Office Phone: (719) 599-8500

Cell Phone: (719) 660-9058

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Colorado Real Estate – Real Estate Agent, Patricia Beck, specializing in new and existing home sales, short sales, and bank owned properties in Colorado Springs.


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