Re:221 Cannon Road Is Not for Sale
by happyopossum on Wednesday February 04, 2026 @02:07PM
(#46890196)
That still wouldn’t work in most states. The earnest money and the final payment are handled by an escrow company who does all the title verification or works hand in hand with the company doing the title verification. Neither set of funds is ever just handed over.
Again - it varies state to state, as the constitution dictates.
Since a lot of people are doing all cash (non-financed) deals lately, I could see how a scammer and a lax realtor could possibly scam an overzealous buyer out of the full amount.