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Law Office of Roland D. Waller - Probate and Real Estate Attorney - New Port Richey, Florida

Law Office of Roland D. Waller - Probate and Real Estate Attorney - New Port Richey, Florida

Our firm takes a genuine interest in our clients, understands their objectives and meets or exceeds their expectations in a timely manner. We strive to provide superior legal services and maintain the highest standards of professional integrity.

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Email: contactus@rdwaller.com

Law Office of Roland D. Waller
5332 Main Street
New Port Richey, Florida 34652

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Friday, 21 August 2020 / Published in Real Estate, Videos

What Is Earnest Money?

Video Summary

What is earnest money? That is the amount of the deposit you put down or give to a escrow agent. Whenever you enter into a contract to purchase real property, the deposit is applied against the purchase price. Whenever you close the transaction and pursuant to the terms of whatever the contract provides for your deposit may be refunded to you. If you decide to cancel the transaction during your inspection period, or if the transaction is contingent upon you obtaining a mortgage and you don’t obtain the mortgage, then your deposit can be refunded if you notify the seller a timely, but that’s all controlled by the provisions of the real estate contract. So if you have any questions about that or need someone to review your contract, give me a call at (727) 847-2288.

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Law Office of Roland D. Waller
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New Port Richey, Florida 34652-2509

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