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Application for release of earnest money

Contract Release and Earnest Money Disposition Request Form 2025

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The document is a Contract Release and Earnest Money Disposition Request Form, which notifies that the Purchaser(s) and Seller (HUD) will not proceed with a real estate sales contract. It outlines the mutual release from obligations, the request for the return of earnest money, and provides instructions for completing and submitting the form to the Asset Management Contractor.

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Versions	Form popularity	Fillable & printable
2014	4.9 Satisfied (411 Votes)
2011	4 Satisfied (26 Votes)

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Do I lose earnest money if I back out?

Due diligence money is non-refundable, whereas earnest money can be refunded. If youre buying it ``as-is it doesnt make sense to offer $50k in due diligence money, as youre not going to sway the seller with inspections that may otherwise favor your buying process.

What is the form to get earnest money back?

A release of earnest money form is a waiver signed by a buyer and seller to release an earnest money deposit towards a property. If the property fails to pass agreed-upon inspections, the buyer is entitled to having the deposit returned. Most states require the earnest money to be held in an escrow account.

What happens to earnest money if a contract is cancelled?

After both parties mutually cancel the agreement, escrow is instructed to refund the earnest money deposit to the buyers. If the seller refuses to release the money from escrow, the parties should lawyer up as soon as possible.

What is a release of earnest money form?

A release of earnest money addendum is a document attached to a purchase agreement to relay how a buyers earnest money deposit will be distributed. The form instructs the agent holding the deposit to distribute the funds held in escrow.

How to get a copy of earnest money?

What do we need? A copy of the check that you sent for your earnest money deposit (you can usually get a copy from your realtor or by logging into your bank account) Your bank statement showing the funds leaving your account.

Can I get my earnest money back if I change my mind?

You would get your earnest money back if the agreement is terminated based on any clause included in the contract. Could be inspection, could be appraisal, could be you dont secure financing. Whatever contingencies are written into the contract allow you to recoup your earnest money- its not just on the sellers end.

Contract Release and Earnest Money Disposition Request Form 2025

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