Comments on: The Earnest Money Check http://raincityguide.com/2006/05/13/the-earnest-money-check/ Seattle's Leading Resource for Real Estate Information Wed, 17 Mar 2010 00:55:16 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Carol B.C. Honkanen http://raincityguide.com/2006/05/13/the-earnest-money-check/#comment-337394 Carol B.C. Honkanen Thu, 12 Mar 2009 11:15:08 +0000 http://raincityguide.com/2006/05/13/the-earnest-money-check/#comment-337394 Hi Ardell! I agree with you, but to comply with the other Agent's request for information is something we all have to do, to work amicably with each other. What I do is to copy the Earnest Money check, BUT I black out the routing and account numbers. You can just point out to them that the "account number" is not their concern, but you show them a copy of the Earnest Money "check" to give them peace-of-mind. Explain to them that you protect your Clients' personal information. Hi Ardell!

I agree with you, but to comply with the other Agent’s request for information is something we all have to do, to work amicably with each other. What I do is to copy the Earnest Money check, BUT I black out
the routing and account numbers.

You can just point out to them that the “account number” is not their concern, but you show them a copy of the Earnest Money “check” to give them peace-of-mind. Explain to them that you protect your Clients’ personal information.

]]> By: Ardell DellaLoggia http://raincityguide.com/2006/05/13/the-earnest-money-check/#comment-6362 Ardell DellaLoggia Tue, 16 May 2006 03:43:19 +0000 http://raincityguide.com/2006/05/13/the-earnest-money-check/#comment-6362 A lender friend of ours just had someone she paid to do computer work by check, pay an $1,800 Quest bill using an E-Check from her account. I really don't think we should pass around buyer client's personal checks anymore, like we used to do in the old days. Hey, Tim the Escrow Dude, When I wouldn't give her a copy of my client's check, she called escrow to get a copy. Can escrow give a copy of the buyer's check to the seller's agent without the buyer's permission? A lender friend of ours just had someone she paid to do computer work by check, pay an $1,800 Quest bill using an E-Check from her account. I really don’t think we should pass around buyer client’s personal checks anymore, like we used to do in the old days.

Hey, Tim the Escrow Dude, When I wouldn’t give her a copy of my client’s check, she called escrow to get a copy. Can escrow give a copy of the buyer’s check to the seller’s agent without the buyer’s permission?

]]> By: Robert Smith http://raincityguide.com/2006/05/13/the-earnest-money-check/#comment-6358 Robert Smith Mon, 15 May 2006 23:22:14 +0000 http://raincityguide.com/2006/05/13/the-earnest-money-check/#comment-6358 Ardell, what drives me crazy is all the agents who think that a copy of the EM check qualifies as a receipt. ARGGHHH. I don't need a copy of your buyers check, just the receipt which (as Ardell pointed out) is what is required by the Department of Licensing. Ardell,
what drives me crazy is all the agents who think that a copy of the EM check qualifies as a receipt. ARGGHHH. I don’t need a copy of your buyers check, just the receipt which (as Ardell pointed out) is what is required by the Department of Licensing.

]]> By: Eric D. http://raincityguide.com/2006/05/13/the-earnest-money-check/#comment-6221 Eric D. Sat, 13 May 2006 23:12:33 +0000 http://raincityguide.com/2006/05/13/the-earnest-money-check/#comment-6221 Sounds like either a bad policy or a scam to me. You also have to wonder about these fly-by-night loan companies. You sure give a lot of information to me when you apply for a loan (i.e. everything). A scam artist could probably set up a fake one, and get all of someone's information and do a lot of damage. Sounds like either a bad policy or a scam to me. You also have to wonder about these fly-by-night loan companies. You sure give a lot of information to me when you apply for a loan (i.e. everything). A scam artist could probably set up a fake one, and get all of someone’s information and do a lot of damage.

]]> By: rdb http://raincityguide.com/2006/05/13/the-earnest-money-check/#comment-6218 rdb Sat, 13 May 2006 17:56:07 +0000 http://raincityguide.com/2006/05/13/the-earnest-money-check/#comment-6218 Ardell, Great point! Protect your clients privacy. If you think that's scary, you should see all the personal doccumentation that's necessary to purchase a Co-op in NYC and how many eyeballs view that information. Co-op Board Package requirements include complete financial statements including items such as bank statements, tax returns & W-2's. Many boards require more information than most lenders do. I guess from a purchasers point of view the ultimate questions are, "how is my personal information being protected" and "what happens to all copies of my personal information after the board interview process"? -rdb Ardell,

Great point!

Protect your clients privacy.

If you think that’s scary, you should see all the personal doccumentation that’s necessary to purchase a Co-op in NYC and how many eyeballs view that information. Co-op Board Package requirements include complete financial statements including items such as bank statements, tax returns & W-2’s. Many boards require more information than most lenders do.

I guess from a purchasers point of view the ultimate questions are, “how is my personal information being protected” and “what happens to all copies of my personal information after the board interview process”?

-rdb

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