http://www.papublicrelations.com/new-home-for-sale/can-i-refuse-to-deposit-earnest-money-to-get-out-a-new-home-purchasesale-agreement-that-i-signed-earlier Tue, 11 May 2010 21:51:59 -0400 http://wordpress.org/?v=2.8.4 hourly 1 http://www.papublicrelations.com/new-home-for-sale/can-i-refuse-to-deposit-earnest-money-to-get-out-a-new-home-purchasesale-agreement-that-i-signed-earlier/comment-page-1#comment-6 akc1106 Wed, 04 Nov 2009 22:32:59 +0000 http://www.papublicrelations.com/new-home-for-sale/can-i-refuse-to-deposit-earnest-money-to-get-out-a-new-home-purchasesale-agreement-that-i-signed-earlier#comment-6 You must have consideration for it to be a legal contract. Without a deposit you have no contract. He can't sue you for anything.<br><b>References : </b><br>I'm a REALTOR in Maryland You must have consideration for it to be a legal contract. Without a deposit you have no contract. He can’t sue you for anything.
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I’m a REALTOR in Maryland

]]> http://www.papublicrelations.com/new-home-for-sale/can-i-refuse-to-deposit-earnest-money-to-get-out-a-new-home-purchasesale-agreement-that-i-signed-earlier/comment-page-1#comment-5 thetoothfairyiscreepy Wed, 04 Nov 2009 21:47:59 +0000 http://www.papublicrelations.com/new-home-for-sale/can-i-refuse-to-deposit-earnest-money-to-get-out-a-new-home-purchasesale-agreement-that-i-signed-earlier#comment-5 this is what happens when people don't use realtors!<br><b>References : </b><br> this is what happens when people don’t use realtors!
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]]> http://www.papublicrelations.com/new-home-for-sale/can-i-refuse-to-deposit-earnest-money-to-get-out-a-new-home-purchasesale-agreement-that-i-signed-earlier/comment-page-1#comment-4 Dan S Wed, 04 Nov 2009 21:20:59 +0000 http://www.papublicrelations.com/new-home-for-sale/can-i-refuse-to-deposit-earnest-money-to-get-out-a-new-home-purchasesale-agreement-that-i-signed-earlier#comment-4 If the deposition of earnest money is a clause in the contract you signed you are boligated to post that money. The two other clauses you recite may be illegal in your jurisdiction. contatct a lawyer or legal aid about them Dan the Answers-Man<br><b>References : </b><br> If the deposition of earnest money is a clause in the contract you signed you are boligated to post that money. The two other clauses you recite may be illegal in your jurisdiction. contatct a lawyer or legal aid about them
Dan the Answers-Man
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]]> http://www.papublicrelations.com/new-home-for-sale/can-i-refuse-to-deposit-earnest-money-to-get-out-a-new-home-purchasesale-agreement-that-i-signed-earlier/comment-page-1#comment-3 hawkthree Wed, 04 Nov 2009 20:37:59 +0000 http://www.papublicrelations.com/new-home-for-sale/can-i-refuse-to-deposit-earnest-money-to-get-out-a-new-home-purchasesale-agreement-that-i-signed-earlier#comment-3 Boring as it sounds, you need to look at the agreement to see what your penalties might be. Are you obligated to find a replacement buyer? Will you have to pay a percentalage of the amount? The contract has the details. However, in the state of Maryland (and Virginia) you can renege on a contract up to 72 hours with no penalty. You can probably do some googling to find out if this applies in your state.<br><b>References : </b><br> Boring as it sounds, you need to look at the agreement to see what your penalties might be. Are you obligated to find a replacement buyer? Will you have to pay a percentalage of the amount? The contract has the details.
However, in the state of Maryland (and Virginia) you can renege on a contract up to 72 hours with no penalty. You can probably do some googling to find out if this applies in your state.
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