Where Is My Earnest Money Kept?

After you've made an offer to purchase property and given your earnest money check to the sales agent, the money will be deposited into one of two places:

  • Into the GTL Real Estate Sales Trust Account (this is typically the case for sales in Georgia); or
  • Into the Title Company/Closing Attorney Trust Account (this is typically the case for sales in Florida, but may also happen if the parties desire in Georgia)

The earnest money will remain in the account until closing, at which point the closing attorney or title company will apply the earnest money to the transaction and include it on the Settlement Statement.