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Anywhere faces racketeering charges in Minnesota lawsuit

Housing Wire

They allegedly withheld the earnest money deposit and misused equitable title by delaying the cancelation of the deal and using their partial claim on the property to extort money from the Campolis. This included pursuing a sham lawsuit and withholding evidence to avoid exposing their alleged scheme.

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JetClosing expands to Austin housing market

Housing Wire

“JetClosing was built to operate in a fully digital world, so we are well-positioned to help our agent and lender partners adjust to recent shifts in business operations and consumer preferences brought on by the pandemic,” said Matt Rockhold, vice president of sales at JetClosing.

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Sun West unveils NFT loan powered by AI technology

Housing Wire

They may close the transaction and transfer the NFT, or if they choose to not honor the trade, they forfeit their earnest money deposit, as customary in any standard real estate purchase.”.

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What is a home appraisal gap?

Housing Wire

This leaves you with three options if you want to move forward with the sale. If you had an appraisal contingency in your sales contract, you could do this without any sort of penalty. If you didn’t have the contingency, you’d have to forfeit your earnest money deposit in order to back out. One more option.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Review comparable sales: Show your clients how a comparative market analysis (CMA) will be used to help them make an offer and determine the fair market value (FMV). Remember, its not just about making a sale its about advocating for your client’s best interests. Encourage your buyers to keep an open mind.

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Who Keeps The Earnest Money When a Sale Falls Through

Maximum Exposure Real Estate

One of those things is whether or not your money is refundable. Many buyers and sellers will ask their respective real estate agents whether the earnest money deposit is refundable. Whether earnest money is […].

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3 Big Reasons Your Home Offer Was Rejected—and How To Play It Right Next Time

Realtor.com

Your earnest money deposit was too ‘cheap’ If there’s one part of the offer you shouldn’t cheap out on, it’s the earnest money deposit. If you need a certain home sale contingency, for instance, and can’t remove it, then move on,” Parnes says.