Earnest money deposits are relatively common in competitive markets, especially when a seller has concerns that a buyer may make multiple offers on other properties. The real estate agent places ...

If you have questions about how earnest money deposits are handled in your state, consider consulting a local real estate attorney. You can find one by using the American Bar Association’s ...

Now for the longer answer: When you sign a purchase agreement for real estate, you’re legally bound to the contract terms.

My husband and I put down earnest ... back our deposit. Any other options? A. Let’s start by making two presumptions. One, that you were using the Multi-Board Residential Real Estate Contract ...

There also may be legal and financial consequences to canceling a real estate contract. For instance, you risk losing your earnest money unless there are contingencies in place that protect you.

Escrow is an arrangement of a third party holding money in an account to protect both the buyer and seller. You'll keep an earnest money ... lender and your real estate agent, get to work ...