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Forum: Classifieds Archive

05-11-2016, 18:40

Replies: 30

Want To Buy: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

Views: 4,023

Posted By smj

Re: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

The contract stated the funds were to go into an escrow account. Wound up in there pockets instead. This was about 15 years ago.

Forum: Classifieds Archive

05-11-2016, 18:24

Replies: 30

Want To Buy: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

Views: 4,023

Posted By smj

Re: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

I had a reputable brokerage company cash my deposit. It took me 3 months of receiving my deposit back in small payments as he didn't have the cash to refund my deposit in full. It's buyer beware as...

Forum: Classifieds Archive

05-11-2016, 12:16

Replies: 30

Want To Buy: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

Views: 4,023

Posted By smj

Re: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

With the amount of money that could be lost, the word "should" worries me.

Forum: Classifieds Archive

05-11-2016, 03:47

Replies: 30

Want To Buy: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

Views: 4,023

Posted By smj

Re: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

This is good advice. The chances of losing your deposit through a broker are slim but not impossible.

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