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Escrow Agreement with Deposit of Earnest Money with Escrow Form

Escrow Agreement with Deposit of Earnest Money with Escrow Form

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hey guys Adam bar told me we're here again today we're going to be going over the escrow deposit so we're still going over the as is residential sales contract but I want to specifically talk about escrow deposit and the reason why is because some people don't understand exactly how it works or why or so on and so forth but the as his contract is mainly built to protect the seller excuse me the buyer in my opinion in my opinion is mostly and I think most people would agree with that but there has to be some kind of protection for the seller as well and this is part of that so I wanted to dig in here so the the escrow deposit sometimes called the good-faith deposit is where you you offer you put an offer in on a house you say I'm I'm the buyer I'm going to purchase this house to guarantee you that I will purchase this house I will give you this amount of money the escrow deposit if I do not buy the house so if I decide to back out

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