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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (EM9-9-12) (Mandatory 1-13) THIS.

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The fee for an appraisal is not a profit generator for your lender. It is a cost of doing the loan, and the fee goes to a third party. So the lender does not have this money to give it back to you. ... That means that they are cleared to borrow the money, and that once the property is approved, the mortgage should fund.

The earnest money can be held in escrow during the contract period by a title company, lawyer, bank, or broker whatever is specified in the contract. Most U.S. jurisdictions require that when a buyer timely and properly drops out of a contract, the money be returned within a brief period of time, say, 48 hours.

If the buyer backs out just due to a change of heart, the earnest money deposit will be transferred to the seller. You also need to watch the expiration date on contingencies, as it can impact the return of funds. Make sure to work with a reputable, experienced real estate agent when crafting your offer.

The earnest money can be held in escrow during the contract period by a title company, lawyer, bank, or broker whatever is specified in the contract. Most U.S. jurisdictions require that when a buyer timely and properly drops out of a contract, the money be returned within a brief period of time, say, 48 hours.

If the buyer backs out just due to a change of heart, the earnest money deposit will be transferred to the seller. You also need to watch the expiration date on contingencies, as it can impact the return of funds. ... A good contract with proper contingencies is essential in protecting your earnest money deposit.

Write out the dollar amount on the blank space following Receipt Of The Earnest Money In The Amount Of then, produce the numerical value of the dollar amount received on the empty line in the parenthesis. Now we must indicate how this money was received.

Earnest money deposits can take any form agreed to by the seller. ... The owner must be aware that the earnest money deposit will be made in the form of a promissory note (i.e., not in cash) before it accepts the purchase offer. This fact must also be stated clearly in the purchase agreement itself.

An earnest money deposit says you're committed as a buyer. ... If you back out of the deal for reasons that have nothing to do with the home inspection or the appraisal, the seller can keep your money. On the other hand, if everything is moving along smoothly and the buyer decides to back out, you can get the deposit back.

Does the Seller Ever Keep the Earnest Money? Yes, the seller has the right to keep the money under certain circumstances. If the buyer decides to cancel the sale without a valid reason or doesn't stick to an agreed timeline, the seller gets to keep the money.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232