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AGREEMENT of SALE RELEASE and DISTRIBUTION of DEPOSIT MONEY  Form

AGREEMENT of SALE RELEASE and DISTRIBUTION of DEPOSIT MONEY Form

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Video instructions and help with filling out and completing AGREEMENT OF SALE RELEASE AND DISTRIBUTION OF DEPOSIT MONEY Form

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Instructions and help about AGREEMENT OF SALE RELEASE AND DISTRIBUTION OF DEPOSIT MONEY

Story Time how my seller kept the buyer's ten thousand dollar deposit so we were in escrow I was representing the seller another agent was representing the buyer the buyer kept asking us for extension to extend the escrow our role is that they ask us for a second extension already it's not a good sign meaning they're likely having issues with the loan and we asked them to release the earnest money deposit to the seller meaning instead of the earnest money deposit being in escrow it being transferred to the seller's bank account the reason we do that is that if the buyers were to cancel even if they've removed all contingencies if escrow holds the money it's still a dispute meaning they have to go to small claims court or they have to go to mediation to fight over the ten thousand dollar deposit what happens when the money is released to the seller there's no longer that mediation because the money is now in the seller's Ba

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