FUNDS WIRED TO TITLE COMPANY ON CLOSING DATE
FUNDS WIRED TO TITLE COMPANY ON CLOSING DATE
For use by Realtors, Attorneys, Buyers, Sellers and Title Companies to accept and hold online earnest money payments in a secure escrow account until the Closing Date.
We partner with the experienced real estate law firm of Duren Law Offices, LLC to hold your earnest money funds in a secure insured IOLTA Attorney Trust Account until you are ready to wire them to your Closing Title Company
Pay your Earnest Money online through our secure LawPay portal to the Trust Account of Duren Law Offices, LLC
When you are ready for your Closing, schedule the wire transfer of your Earnest Money to the Closing Title Company using our Wire Scheduler
Nothing. Look at your Closing Statement and see the Earnest Money already applied to the purchase price.
1) The Earnest Money shall be paid to and held in the Trust Account of Duren Law Offices, LLC (DLO)
2) DLO shall hold the funds in a non-interest bearing account
3) DLO shall wire the Earnest Money funds directly to your closing title company on the date directed.
4) If your transaction cancels, DLO shall disburse the Earnest Money via wire transfer according to a written disbursement agreement signed by Seller and Buyer or as directed by court order.
5) You agree to hold DLO harmless from any liability and indemnify DLO for good faith disbursement of the Earnest Money funds.
6) You agree to pay a one-time non-refundable $50.00 fee to Earnest Money Payment, LLC, for holding and wiring your Earnest Money Funds. The $50.00 fee must be either included with your Earnest Money Payment or paid before your Earnest Money Funds are wired.
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