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Get Il Authorization To Release Earnest Money Agreement Of Mutual Cancellation 2012-2025
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How to fill out the IL Authorization to Release Earnest Money Agreement of Mutual Cancellation online
This guide provides users with a straightforward and detailed approach to completing the IL Authorization to Release Earnest Money Agreement of Mutual Cancellation online. By following these instructions, you can ensure that the form is filled correctly and submitted seamlessly.
Follow the steps to complete the form accurately.
- Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
- Identify the section for the seller's name and fill in the full name of the seller in the first blank space labeled 'Seller'.
- In the second blank space labeled 'Buyer', fill in the full name of the buyer, ensuring it matches the original contract.
- Enter the date of the original purchase and sale contract in the third blank, formatted as 'Month Day, Year'.
- Proceed to the property address section. Fill in all relevant details, including address, unit number (if applicable), city, state, and zip code, ensuring that each section is completed accurately.
- In the agreement statement, review the text to confirm that both parties agree the contract is null and void. This ensures that the earnest money, along with any accrued interest, will be refunded to the buyer.
- The seller(s) and buyer(s) must provide their signatures and the dates beside their respective names to authorize the release of earnest money.
- Indicate the brokerage offices involved by having authorized representatives sign and date next to the listings for both the listing and selling offices, as well as the broker signatures required.
- Once all the sections are completed and verified, users can save changes, download, print, or share the completed form as needed.
Start filling out your documents online today for a smooth and efficient process.
Cancellation Agreement and Mutual Release. The WB-45 Cancellation Agreement and Mutual Release is a form which permits the parties to an agreement or contract to cancel the contract and to authorize any real estate broker holding funds on behalf of the parties to disburse those monies.
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