Under this situation, the buyer might be entitled to
receive the earnest money back upon cancellation.
The buyer was not able to obtain FHA loan approval by close of escrow and rather than to cancel the contract and
receive the earnest money back the buyer and seller agreed in writing to extend the contract's close of escrow provided the earnest money become unrefundable if the buyer could not close escrow for any reason.»
If you cancel outside of the dates and deadlines within the contract you may not
receive the earnest money back.
If the buyer never transmits the earnest money and the contract simply acknowledges receipt, a contract is likely formed, but the seller might have to resort to the legal process to
receive the earnest money.
Specificially, you should cross out a portion of the first sentence of section 15 and replace it with some other language, so that it reads: «If Buyer fails to comply with this contract, Buyer will be in default, and Seller may (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b), as Seller's sole and exclusive remedy, terminate this contract and
receive the earnest money as liquidated damages, thereby releasing both parties from this contract.»
DEFAULT: If Buyer fails to comply with this contract, Buyer will be in default, and Seller may, as Sellerâ $ ™ s sole remedy, terminate this contract and
receive the earnest money as liquidated damages, thereby releasing both parties from this contract.
As the exact mechanism is not yet clear, research in this field should evidently
receive earnest attention.
Since July, I've contacted IngramSpark several times, through email and phone, each time
receiving earnest help.
Something I would advise as well is to remove the specific performance remedy from contract — the Seller should be agreeable to only
receiving the earnest money as a default remedy and still retain the property to sell to someone else.
The transaction fell through, but the buyer never
received the earnest money back.
How often has the seller actually
received the earnest money when the seller signs a contract?
Not exact matches
Thanks to a public - relations push and a video of Sterling making an
earnest plea for why Goldie is needed, the campaign
received national press.
Among the pearls of wisdom I've
received from my father over the years, one stands out: Get out of debt by age 40 so you can start saving for retirement in
earnest.
And those who do live the life of the community, seeking to appropriate for themselves its central affirmations, yet unconcerned about the peripheral, secondary, and now and again misleading assertions and practices that have often been associated with those essentials; those who learn gradually to join in its prayers and
receive the sacraments, and to read the Bible with open,
earnest, yet critical minds; those who endeavor with heart and soul to express in daily life the Christian principle of life «in Christ» — such men and women will find increasingly that they genuinely belong.
«Last year was the first year the Foundation participated in Giving Tuesday in
earnest, although we did dip our toes in a little [previously] and
receive a few small gifts,» explained SNF's Director of Fundraising Janet Hedrick.
Davis said he had already
received a small number of donations to get a 30 second version of the advertisement on the air in South Carolina, although he had not yet started fundraising in
earnest.
«The 2012 campaign is beginning in
earnest and it's important that we get out early behind our senator, David Carlucci,» wrote LaCorte, who said he was «disturbed» by reports of an anti-Carlucci push - poll
received by Democrats in Rockland and Orange counties back in December.
Spader is somnambulently morose; Bassett's
earnest intensity seems ridiculously out of place for a piece of cheese such as this; the bland Facinelli exhibits no air of menace whatsoever; Lou Diamond Phillips, Wilson Cruz, and Robert Forster (who
receives third billing for a five - minute part) simply go through the motions; and a clueless Tunney makes you wonder if she could possibly be the same person who gave such a bravura turn in 1998's Niagara Niagara.
Earnest Money Old Rule — Document source of
earnest money if the amount exceeds 2 % of the sales price New Rule — Document source of
earnest money if the amount exceeds 1 % of the salesprice CAVIRS Old Rule — Federal debt makes borrower ineligible New Rule — VERIFIED federal debt makes the borrower ineligible Part - Time Income Old Rule — Underwriter discretion allowed when
received less than 2 years New Rule — Two years uninterrupted part - time income is required.
For example, a borrower may
receive a refund of their
earnest money deposit, appraisal fee and home inspection fee (as long as they have paid for these and the seller has agreed to refund their payment).
Around closing time you should discuss with your VA loan specialist if the money should be put towards closing costs or if you will be
receiving a refund of all or a portion of the
earnest money.
The story mode feels like it goes on for a thousand years, as a sackload of MK characters earn appearances, and with them, the opportunity to spout something wincingly
earnest before
receiving a horrible injury.
Shortly afterwards, in 1976, Hunt Slonem
received a painting grant from the Elizabeth Greenshields Foundation in Montreal, Canada, and began painting in
earnest.
And yet, although those early paintings were
earnest and well - intentioned, they were clearly the work of an amateur who, if he hadn't been president, would not have
received or deserved much attention.
She began to make art in
earnest while living in internment camps in California and Arkansas, in 1942 - 43; she
received pointers from several fellow - detainees, who were animators at Walt Disney.
The melting season hasn't started in
earnest yet, but it seems the Bering Sea hasn't
received the memo.
Regarding the swipe at Dr S Fred Singer and Dr Willie Soon, the only «confessions» Dr Singer ever made was that he'd
received oil company funding for oil pricing consultation work years before the global warming craze began in
earnest, and that he
received a one - time unsolicited $ 10,000 donation from Exxon.
Although the «conversion» of justices of the peace had been in the works since the late 1980s, it
received all the necessary approvals from the Chief's Office in May 1994 and implementation began in
earnest.
The U Flex pair of earphones will also perform the role of wireless
earnest, whereby the user can make and
receive a call even without having to touch the device.
If the parties can not come to a mutual agreement about the distribution of the
earnest money, holding the money in an escrow account is your best course if the parties can't agree who
receives the funds.
The transaction required the venture to post a $ 10 million
earnest money deposit, which is nonrefundable provided certain estoppels and consents are
received and certain other customary conditions are satisfied.
After
receiving the revised contract, the Owners» attorney called the Salesperson about the crossed out
earnest money provision, and the Salesperson explained that one of the Owners had told Deshields
earnest money was not important to him.
Having gone to E-mail in
earnest in the last six months, Carlson — who uses America Online to send and
receive mail — says, «Now one of the first things I ask people for is their E-mail address.»
The seller, who might be outraged by this turn of events, would probably have a right to expect to
receive the buyer's
earnest money deposit since the buyer willfully and deliberately failed to close escrow.
The desired title / escrow company will
receive the contract and
earnest money deposit and begin the title search.
In her excitement, Monica had indicated on the offer that the
earnest money was a check, but she hadn't actually
received a check.
Additionally, every client of Directors Mortgage
receives peace of mind with a $ 5,000
earnest money guarantee when we issue a Direct Advantage Preapproval Letter.