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What is done with my earnest money deposit if my bid is accepted?

April 26, 2017bid deposit earnest money

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What is done with my earnest money deposit if my bid is accepted?

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NRC deposits all Earnest Money into a non-interest bearing account. These funds are held in the non-interest bearing account until the contract has been executed and a closing date has been scheduled. Funds are released to escrow 48 hours prior to closing.