Real estate blog entries tagged with non refundable earnest money by Bill Travis, Broker/Owner (Captain Bill Realty, LLC)

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Home : Blogs : Bill Travis, Broker/Owner : Captain Bill's Blog : Tag "non refundable earnest money"

non refundable earnest money: Bank Demands Buyer Non-Refundable EM Forfeited to the Bank - 02/22/11 06:39 PM

Bank Demands Buyer Non-Refundable EM Forfeited to the Bank
Et tu, Brute?

Well, the banks are now taking a lesson from all the Realtors who have been asking for non-refundable deposits from short sale buyers.
One Realtor had the language that if the buyer defaults and the earnest money is forfeited it goes to the sellers Broker to pay for work performed (not to the seller).
Today I received an email from the listing agent with a form from the bank (actually a Credit Union). The credit union demands the earnest money to be changed to non-refundable for 90 … (4 comments)

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Bill Travis, Broker/Owner

Gilbert, AZ

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Captain Bill Realty, LLC

Address: Val Vista Lakes, By Appointment Only , Gilbert , AZ, 85234

Office Phone: (480) 818-8442

Cell Phone: (480) 226-1630

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Val Vista Lakes in Gilbert AZ is a lake community with gorgeous waterfront homes available for sale. These Val Vista Lakes Gilbert homes are located in the East Valley of the Phoenix area.

Captain Bill lives in Val Vista Lakes; and is an active member of the Val Vista Lakes community.

He writes many articles on his blog about the Val Vista Lakes waterfront community, and in addition he writes about his favorite Town of Gilbert AZ.

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