Escrow & Title
In an Alaska closing, the buyer's earnest money deposit is shown on the settlement statement as:
AA buyer debit and seller credit
BA buyer credit✓ Correct
CA seller debit
DNeutral — not shown on the settlement statement
Explanation
The earnest money the buyer has already deposited is shown as a buyer credit on the settlement statement because it reduces the amount the buyer needs to bring to closing. It is already held in escrow and is applied toward the buyer's down payment and closing costs.
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