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All Forum Posts by: Ramon Amador

Ramon Amador has started 1 posts and replied 2 times.

Post: Title Companies DECIDING WHO GETS EARNEST MONEY

Ramon AmadorPosted
  • Real Estate Agent
  • Denver, CO
  • Posts 2
  • Votes 0

Thank you Jon probably the mistake was that we did not send termination to tilte company too but i send them an email and call them letting them know we were going to dispute earnest but they did not answer and release it.
The point here is that this title company decided who was right without consulting the other party, is like a judge deciding who is guilty without hearing the defense.

Post: Title Companies DECIDING WHO GETS EARNEST MONEY

Ramon AmadorPosted
  • Real Estate Agent
  • Denver, CO
  • Posts 2
  • Votes 0

I was in a transanction that we couldn't close but buyer terminate contract on Loan Commitment deadline, buyer notify title company and seller but they stop answering calls after a while title told buyer they release earnest to seller because seller writed a letter saying buyer was on default and without asking the buyer title company release earnest to seller.
My question is: Can Title companies decide who gets earnest money in Colorado?