Opinions on Forwarding Earnest Money Deposit Checks

By
Real Estate Broker/Owner with Move Up Properties 01873098

 

Can any of you provide me with your office protocol in regards to forwarding a buyer's earnest money deposit check to the escrow company upon acceptance?  Specifically, what method do you use to ensure that the check gets into the right hands with the least amount of potential for it turning up lost or unaccounted for while enroute.

My policy has been to hand deliver the check personally, hand carried by the agent who represents the buyer or through a reliable courier service.  Am I being too old fashioned? 

Another possibility I would approve is to Fedex the check to the escrow company but I don't feel comfortable with that either.  I simply frown on trusting the USPS to deliver such a valuable instrument with no tracking method or a method that allows for the potential of loss.

How do you handle it?  I may be too overly cautious as I've always been.  Enlighten me or confirm my instincts!  Thank you.

Posted by

Diane Wheatley, Broker

Real Estate Brokerage and
Property Management, Upland CA

 

(909) 815-4499 Direct Cell

(888) 981-5589 Toll-Free

CA DRE Broker Lic #01873098

 

 

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