Release earnest money mutual 2025

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  1. Click ‘Get Form’ to open the release earnest money mutual document in the editor.
  2. Begin by filling in the names of the Seller and Buyer in the designated fields. Ensure accuracy as these details are crucial for identification.
  3. Enter the date of the original purchase and sale contract. This helps establish a timeline for the transaction.
  4. Provide the property address, including unit number, city, state, and zip code. This information specifies which property is involved in this agreement.
  5. Review the section that states the agreement to cancel the contract and authorize the release of earnest money. Make sure all parties understand this clause.
  6. Have both Seller and Buyer sign and date where indicated. If there are multiple sellers or buyers, ensure all signatures are collected.
  7. Finally, include signatures from both listing and selling brokers along with their respective dates to finalize the document.

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Tell your agent to present a termination with demand for return of all earnest money immediately. You may have to provide the rejection from the lender. If they refuse, tell them youre taking it to court. Their property will be tied up until the Court decides.
Both parties typically need to sign a release of earnest money form. The escrow holder then returns the funds to the buyer.
How Long Does It Take to Get Earnest Money Back? This can vary. However, in most cases, the refund happens within a week or so if the parties are on the same page.
You and the seller must sign a release of earnest money form before you can get your earnest money deposit back. A release form indicates that you and the seller agree that you will receive your earnest money deposit.