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when due

Purchase Agreement: “Buyer’s Earnest Money Due After Inspection Contingency Removed”

Is the Buyer Short of Cash?  Not Committed to Deal? [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Normally in Minnesota, the Buyer’s earnest money is due to the...
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Purchase Agreement: “Buyer’s Earnest Money Due After Inspection Contingency Removed”

Is the Buyer Short of Cash?  Not Committed to Deal? [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] Normally in Minnesota, the Buyer’s earnest money is due to the...
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“Earnest Money Due After Inspection Contingency Removed”

When the (Earnest Money) Check ISN’T in the Mail Normally, the Buyer’s earnest money check is due as soon as the Buyer and Seller have entered into a valid Purchase Agreement. However, I just handled a deal where the Buyer’s offer stipulated that the earnest money wasn’t due until after the Inspection Contingency had been...
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