This form is an Assignment of Money Due. The assignor agrees to grant to the assignee all title and interest in a certain debt or money due as described in the agreement. The form also provides that it is the responsibility of the assignor to collect the debt.
Earnest Money For Due Diligence In Michigan
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
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A complete guide to earnest money deposits in Michigan, along with details on requirements, payments, disputes, and refunds. 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 fee is meant to incentivize the seller to complete the due diligence process and provide evidence that the buyer is serious about buying the property. Earnest money is typically due upon contract acceptance (unless otherwise stated in the purchase contract).
