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  • Earnest Money Addendum To Purchase Agreement - American Title

Get Earnest Money Addendum To Purchase Agreement - American Title

EARNEST MONEY ADDENDUM TO PURCHASE AGREEMENT DATED: PROPERTY ADDRESS: Purchasers and Sellers acknowledge that the earnest money deposit for this transaction is being held by American Title Company.

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How to fill out the Earnest Money Addendum To Purchase Agreement - American Title online

Filling out the Earnest Money Addendum To Purchase Agreement is an important step in the real estate transaction process. This guide will walk you through the necessary steps to complete this form online with ease and accuracy.

Follow the steps to complete the form accurately and efficiently.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor for completion.
  2. Enter the date of the agreement in the 'DATED' field to indicate when the form is being completed.
  3. Fill in the 'PROPERTY ADDRESS' field with the full address of the property involved in the transaction.
  4. In the 'Purchasers' section, input the names of all individuals or entities purchasing the property. Ensure that all names are spelled correctly.
  5. In the 'Sellers' section, provide the names of all individuals or entities selling the property. Double-check the accuracy of these entries.
  6. In the 'Selling Realtor' section, include the name of the real estate agent representing the Purchaser.
  7. In the 'Listing Realtor' section, enter the name of the real estate agent representing the Seller.
  8. Review all filled entries for accuracy to prevent any misunderstandings or disputes later in the process.
  9. Once you have confirmed that all information is correct, save your changes. You will then have the option to download, print, or share the completed form.

Start completing your documents online to ensure a smooth real estate process.

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Ex. 10.1 Purchase and Sale Agreement - SEC.gov
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Related links form

Form 8697 (Rev October 2000) Department Of The Treasury Internal Revenue Service Application For Automatic Form 8752 Required Payment Or Refund Under Section 7519 Do Not Attach This Form To Form 1065, Form 2000 Instructions For 8810. Corporate Passive Activity Loss And Credit Limitations

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Earnest money is a deposit made to a seller that represents a buyer's good faith to make a purchase such as the acquisition of a new home. The money gives the buyer extra time to get financing and conduct the title search, property appraisal, and inspections before closing.

Therefore, an escrow agent is entitled to recover the costs and attorneys fees incurred in filing the interpleader action. The court will then decide what happens to the escrow money and documents.

If a buyer defaults on one of their commitments or time frames, they will lose their money. If, however, the buyer backs out of the transaction due to one of their contingencies, the seller will not be able to keep the earnest money.

Receipt of the deposit must be verified by either a copy of the borrower's canceled check or a written statement from the holder of the deposit.

Earnest money protects the seller if the buyer backs out. It's typically around 1 – 3% of the sale price and is held in an escrow account until the deal is complete. The exact amount depends on what's customary in your market.

A seller can also add a “time is of the essence” clause into the purchase agreement. This means the closing date for the sale is binding. If the buyer can't close for any reason, the contract is breached and the seller can keep the earnest money deposit.

The financing contingency guarantees that you'll get a refund for your earnest money if for some reason your mortgage doesn't go through and you're unable to purchase the house.

What is an Earnest Money Contract? An earnest money contract is a legally binding document between parties made during the exchange of the earnest money. Earnest money is a monetary deposit made in good faith on a home loan or real property to the seller from the buyer during a home sale.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232