@aesherrell wrote:
Thank you so much for the additional details! Here’s the unique part of the situation, I actually signed the paperwork early last year and sold my house to a developer although the sale doesn’t go through until this summer. Do you think any of that makes a difference? I’m assuming it doesn’t. Also I’m trying to figure out how much tax is put on earnest money.
If you are under contract but the home hasn't closed, then it hasn't been sold yet. The home is sold at the "closing" when you sign over the title, and the new owner can record the title and deed at the county records office.
What do you mean, taxation of earnest money.
