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help!!!! did anyone have to give a binder before closing?

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raken40
soooo in love:)

Member since 5/05

4369 total posts

Name:
Karen

help!!!! did anyone have to give a binder before closing?

we are getting a house inspected tonite, and the seller wants a $500 binder check made payable to her, which i was told she will not cash.

did anyone else have to do this?

Posted 6/20/05 12:28 PM
 
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Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: help!!!! did anyone have to give a binder before closing?

YES i had to do it too. And it was given back to me after we closed

Posted 6/20/05 12:29 PM
 

stepherg
LIF Toddler

Member since 5/05

444 total posts

Name:
Stephanie

Re: help!!!! did anyone have to give a binder before closing?

I'm pretty sure the binder is only supposed to be $100...

Posted 6/20/05 12:30 PM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: help!!!! did anyone have to give a binder before closing?

mine was 250

Posted 6/20/05 12:33 PM
 

Dani00518
Gorgeous

Member since 5/05

2730 total posts

Name:
Danielle

Re: help!!!! did anyone have to give a binder before closing?

We gave $100 toward the binder....if it isn't being cased I don't see why it has to be $500.

Posted 6/20/05 1:20 PM
 

groovypeg
:)

Member since 5/05

2423 total posts

Name:

Re: help!!!! did anyone have to give a binder before closing?

we did not have to give anything. i thought the realtor said to us that they no longer do that.

Posted 6/20/05 4:00 PM
 

ckdk
My girls

Member since 5/05

7027 total posts

Name:
Cheryl

Re: help!!!! did anyone have to give a binder before closing?

Posted by skinner

we did not have to give anything. i thought the realtor said to us that they no longer do that.



that's what I heard as well...we did not have a binder either.

Posted 6/20/05 4:42 PM
 

skew
LIF Adult

Member since 5/05

6794 total posts

Name:

Re: help!!!! did anyone have to give a binder before closing?

we did not give $$ upon signing the binder but did give 10% at contract.

Posted 6/20/05 4:44 PM
 

jea128
...

Member since 5/05

3415 total posts

Name:

Re: help!!!! did anyone have to give a binder before closing?

Posted by Redhead

YES i had to do it too. And it was given back to me after we closed



Same here...it was $100. $500 seems a little too much for a binder

Posted 6/20/05 4:56 PM
 
 

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