Security Deposit Required?
Post reply
Original Message:
Re: Re: Re: Security Deposit Required? (by Den):
Please ask for a neutral party to complete the transaction. There are closing companies who do this at a nominal cost. This is not a simple exchange of funds for a deed. There is likely a right of first refusal, assurance of a clean title, etc.
I am in the midst of a timeshare purchase right now and the closing fees will be about $700. I did put up an earnest money deposit with the closing agent, an attorney in this case.
Check with Redweek, they probably have a closing service you can trust.