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 Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
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It is money that a buyer pays at the time their offer is accepted and they put a house under contract. Earnest money is deposited with a third party.Putting together an earnest deposit shows your commitment and good faith to the seller. Due diligence money is a fee that buyers proffer at the time they make an offer on a home. In essence, it is the buyer's good faith payment to the seller. If there is a pending dispute over an EMD, can the seller accept another contract on the same property? The standard NC contract also has a separate amount for earnest money which is not forfeited until due diligence closes. Question: My husband and I attempted to purchase a house in 2005 through our REALTOR®. Earnest money is money that the buyer gives the sellers to show your good faith when making an offer to purchase the seller's property.
