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Updated over 4 years ago on . Most recent reply presented by

Josh Miller's profile image
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Josh Miller
  • Investor
  • from Kingwood, TX
  • Member since Nov 7, 2016
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Josh Miller's profile image
Josh Miller's profile image
Josh Miller
  • Investor
  • from Kingwood, TX
  • Member since Nov 7, 2016
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Josh Miller
  • Investor
  • Kingwood, TX
14
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43
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Tax, SDIRAs & Cost Segregation

Earnest money question

Josh Miller
  • Investor
  • Kingwood, TX
Posted

When a buyer submits earnest money, deal goes bad and the contract deadline approaches. What does the title company do with the earnest money. Who do they release the funds too?

Thank you!

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Lance Lvovsky's profile image
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Lance Lvovsky
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  • from Fort Lauderdale, FL
  • Member since Jun 5, 2013
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Lance Lvovsky's profile image
Lance Lvovsky
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Lance Lvovsky
  • Accountant
  • Fort Lauderdale, FL
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Lance Lvovsky
  • Accountant
  • Fort Lauderdale, FL
Replied

What does the contract say? For my clients, when deals have gone bad at the fault of seller, buyer is always made whole.

  • Lance Lvovsky
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