This form is an Assignment of Money Due. The assignor agrees to grant to the assignee all title and interest in a certain debt or money due as described in the agreement. The form also provides that it is the responsibility of the assignor to collect the debt.
Earnest Money For Due Diligence In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
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Earnest money is one of many opportunities for buyers to convey how serious they are about buying a particular house. Earnest money is a deposit made to a seller that represents a buyer's good faith to make a purchase such as the acquisition of a new home.An escrow holdback becomes the easy solution for completing the transaction, while pushing an issue like possession or repairs to a later date. While due diligence money is nonrefundable, earnest money is refundable but only if the buyer decides not to buy the home. Earnest money is essentially a good faith payment which shows the seller that you are serious about buying their home. It's also part of your down payment. Most contracts include a due diligence deadline anywhere from seven days to two weeks after the agreement date.
