We are pleased to announce that TrustFunds, the most secure and convenient way to deposit earnest money, is now available at TheTitleGuy.com! This new online payment service is here to help automate the delivery and deposit of earnest money.
TrustFunds Makes Earnest Money Easy and Secure
TrustFunds was created to modernize the earnest money process and eliminate the need for paper earnest money checks and wires. Their online payment tool is secure, easy to use and designed specifically for real estate. With TrustFunds, earnest money funds can now be deposited directly into Title Resources Inc. designated trust account. Buyers no longer need to write a check and bring it to the agent to deliver, and sellers no longer have to wonder if the check is in the mail or if the payment will go through.
TrustFunds streamlines earnest money payments into just a few simple steps.
- When the buyer has a fully executed purchase agreement, the agent locates the property in their MLS, clicks the TrustFunds icon and fills in the necessary information.
- TrustFunds sends an email to the buyer.
- The buyer simply follows the link to enter their bank account information and authorizes the payment
- TrustFunds confirms the payment and sends messages to the buyer, seller and agent informing everyone the payment has been made. That’s it!
This graphic illustrates how TrustFunds streamlines the earnest money process, eliminating unnecessary steps and keeping all parties informed in real-time.
If the purchase agreement is cancelled, the buyer can be refunded in the same secure, convenient electronic manner. All parties involved have 24/7 reporting capabilities and can track the status of the earnest money in real time, providing peace of mind and reducing the need for unnecessary back-and-forth communication.
Buyers will pay a one-time fee of $5 directly to TrustFunds at the time the funds are sent through the ACH.
TheTitleGuy.com at Title Resources Inc. is committed to providing superior experiences to all our customers. We are excited to offer this secure and convenient service to our customers!
