Escrow Accounts Archives

How to Properly Enter

a $2,000 Earnest Money Check Paid to You

If You are a Licensed Real Estate Agent, You will deposit it into your Broker’s Escrow Account

QUESTION: 

Hey Mike,
I am doing a wholesale deal. I will be doing a double close on it.

I received a $2,000 non-refundable deposit (EM but paid directly to me).

How do I enter a transaction like this. I tried to look it up on the videos but the link is broken. Thanks for the help

I tried to look it up on the videos but could not find this one.

Thanks for the help

Anthony Cordova
Registered Active Single User License

7 min video

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How To Set Up Your Escrow Accounts for Your Mortgage Payments

short 12 minute video shows you how to do it

CLICK the Lower Right Corner to VIEW LARGE

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Year End Escrow Analysis

your money held by lender
to pay property taxes, insurance, and/or HOA fees

also includes changing your monthly payment if needed

This article or video is for members only!

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