29 September 2012 | 6 replies
You'd have to be more detailed.And yes, most listing agreements will call for the agent to colect a percentage of any forfeited deposit-because a deposit is only forfeited when a buyer was procured/under contract, and then defaulted.
16 May 2013 | 14 replies
You could just ask the seller to pay a specific amount of the buyers closing cost: "Seller agrees to pay $1,000 of the buyers closing costs and in addition agrees to forfeit any tax prorates and/or reserves to the buyer at closing."
5 September 2024 | 2 replies
I just want to make sure that I am able to fully validate all of the financials and not on the hook/forfeit my deposit if the numbers do not match what's being advertised.
4 August 2020 | 5 replies
If the Applicant gives notice of cancelling the rental agreement prior to November 24th, Applicant will forfeit one hundred fifty dollars ($150.00) of the Holding Deposit.
29 December 2017 | 2 replies
Buyer will have 3 business days from issuance of this notice to close – should buyer not close, seller is able to cancel thiscontract with earnest monies being forfeited to the seller." - And after all the above, they *still* give themselves this clause, which extends the closing date three business days!
6 September 2024 | 6 replies
I personally wouldn't accept it as a Landlord without mitigating the risk by charging a hefty non-refundable fee that is forfeited in case of cancellation.
29 March 2024 | 25 replies
After 72 hours, the full holding fee is forfeited if you back out.
9 September 2024 | 18 replies
@Liam Dalbow Take the $1,000 you made in forfeited deposit money from the buyer, call a couple of real estate lawyers in your area.
24 October 2023 | 52 replies
Again, read through your standard purchasing sale contract for your state to understand how this earnest money can be forfeited or retained.
2 October 2024 | 10 replies
You may be forfeiting damage to the old fixture, but maybe saving from them doing more work.