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 Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
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You'll have to submit your earnest money deposit to escrow within 3 business days. An earnest money deposit in California is a good-faith gesture that shows the buyer's serious interest in purchasing a property.If the contract was contingent on loan approval, then your earnest money should be returned. The fee is meant to incentivize the seller to complete the due diligence process and provide evidence that the buyer is serious about buying the property. Earnest money is a deposit made to a seller, often in real estate transactions, that shows the buyer's good faith in a transaction. The EMD may be written as a percentage or an absolute dollar amount. Learn how the good-faith deposit works, how to include it in an offer on a home and what happens to earnest money if the deal falls through.
