Real estate blog entries tagged with contracts by Jonathan Dalton (Thompson's Realty)

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Home : Blogs : Jonathan Dalton : Jonathan's Phoenix Arizona Real Estate Blog : Tag "contracts"

contracts: The Successful Earnest Deposit Battle that Shouldn't Have Been - 09/03/11 04:58 PM

Thanks to the prevalence of bank owned homes in the Phoenix real estate market, the rules are getting rewritten on a daily basis. And nearly all of these rewrites are to the detriment of the consumer.
Take the case of the hijacked earnest deposit, which I'd written about previously here.
The short version is my buyer at the beginning of august cancelled a purchase contract on a bank-owned home in accordance to the terms of the contract and requested the earnest deposit be returned to him.
This should have been cut and dried but it wasn't. The asset manager working on … (3 comments)

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Jonathan Dalton

Glendale, AZ

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