# Why are there two earnest-money deposits on a deal?

Because a wholesale or double-close deal has two: the seller-side EMD you put up, and the buyer-side EMD your buyer puts up to you. Losing track of either is a common way deals fall apart.

They are tracked as two separate cards on the workfile Overview tab, each with its own amount, holder, deadline, and funded or received badge. The buyer-EMD gate is a hard gate in the deal ladder: the deal cannot advance through the buyer-EMD stage toward closed until it is satisfied. Enter each deposit's details and mark it received once it funds.

Read online: https://docs.closemagnet.com/articles/questions/two-earnest-money-deposits
