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Attyadvisor
Attyadvisor, Attorney
Category: Real Estate Law
Satisfied Customers: 5840
Experience:  28 years of experience in General Practice, Real Estate Law and Estate Law.
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Hello, Friend. As background, I put a bid in on a short

This answer was rated:

Hello, Friend.

As background, I put a bid in on a short sale home in North Carolina back on May 23rd of this year. At the same time, I gave my agent a check for $1,000 as earnest money.
I was told that the seller agreed to my offer, and that the acceptance of the offer was now up to the bank.

I just checked my bank account, and found that the check was cashed on July 16th last.

Finally.....my question: Does that usually mean that the bank has accepted my offer?

Thanks for your input.

Don

Attorney2 :

Who is holding the earnest money check?

Customer:

Hello.

Attorney2 :

Was the check made out to the realtor

Customer:

I believe my real estate agent. It has now cleared the bank

Customer:

To my real estate agent.

Attorney2 :

That does not necessarily mean that the bank has approved. The realtor would need to refund the check if the bank does not approve.

Customer:

OK. I was hoping that the passing of two months before they cashed it meant something.

Customer:

Is it normal for them to cash the check?

Attorney2 :

As a general rule, yes.

Customer:

OK.....thanks....that's all I need to know.

Customer:

I will give you "excellent" rating for fast and thorough response.

Attorney2 :

Check with the agent to see if there is any news. I sure do not see this as a bad sign!!!

Attorney2 :

Thanks

Customer:

Thanks..........and have a great day!

Customer:

Bye!

Attorney2 :

Bye

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