Real Estate Law
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Thank you, XXXXX XXXXX would I insert that (in the "As Is" Florida Sales and Purchase Contract in the "Financing") ? "Earnest Money" is not mention-ed anywhere . . only deposit being deposited into escrow.
Paragraph beginning with line 94 gives me some protection, but if the appraisal comes in low, I'm stuck. Can I insert, "as long as appraisal comes in at $440K ($469K sale price)?" Buyers agent is being difficult to work with . . .
So how would I word that request to buyers agent?
That's the problem, there is no clear cut safety clause for me. This is what I came up with: Whereas under financing, if contract is contingent on obtaining loan commitment, the seller will be entitled to a $4,000 "earnest money" non-refundable deposit (payable to seller) after 10 days of signing of contract.
Then I would like to use the statement I've come up with (above) but need to know the proper place for it to be inserted into contract. Where would that be?
Under "additional deposit" there is a line that reads "other" with a blank line after it. Is this where it could go?