If you want to gain the best tips for earnest money disputes
then you should ask a trusted Fort Lauderdale real estate litigation attorney.
You should not offer the earnest money to the sellers before the deal is even
closed. You may lay yourself open to legal responsibility for the funds if the
sale fails to close. The purchased contacts most of the time include particular
guidelines for distributing earnest monies when buyer are unable to get
financing or inspections are not agreeable. However, if the transaction fall
short for less tangible basis – a job transfer, buyer’s remorse – giving out earnest
money might require some negotiation.
If you are freaking out because the buyer decided to pull
out, you can immediately consult a Fort Lauderdale real estate litigation
attorney or general civil litigation attorney Fort Lauderdale for your best
options. If you are a seller, one of your excellent options is to have a
release letter from the buyer that cancels the contract and give all the
earnest money to the sellers. By this move, the issues are resolved and may
without delay a hesitant buyer to close and get the property back on the market
instantly.
If the involved parties cannot mutually agree about the
distribution of the earnest money, holding the said amount in an escrow account
is the best thing to do especially if the parties do not see eye to eye on who
will receive it. You have to inform the buyer if you happen to choose this way.
To clear more clutter, you can call and seek advice from Fort Lauderdale real estate litigation attorney now.
Winston I. Cuenant, Esq., is a highly talented French
speaking attorney Miami
who can help you. You can also rely on him if you are finding for a bankruptcy law Fort Lauderdale attorney or if you want to more about Ft. Lauderdale bankruptcy lawyer.
Please Contact Our Office +19547664271 for FREE Consultation
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