No. The earnest money deposit must be funded by your STRATA account. You cannot use personal money for the deposit and then be reimbursed later.
You will need to send a copy of the contract or purchase agreement to STRATA along with an Earnest Money Deposit Authorization form to remit the earnest money from your IRA to the title company or closing attorney.
- Online submission is the quickest and most secure way to provide STRATA with your information. If the option is available, a ServiceNOW icon
will be displayed. Click the icon to launch the online form, where you will see a pop-up asking for your email address.
If, for any reason, you are not able to complete the online submission in one session, your information is automatically saved, and you can retrieve your document using the access link provided via email. - For manual submission, simply click the PDF text link located inside the form description to launch the document, fill it in, and then follow the submission instructions provided on the form.