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Earnest Money Check |
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Our buyer's disclosed on their finance statement they have $10,000 in a checking account. They wrote an earnest money check for $20,000 on this account. All other items on the contract are acceptable. Do we have a contract if we don't know the check has cleared? |
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I'm not a lawyer and I haven't seen your contract, but my guess is that it still might be valid even if the check doesn't clear. You have the right to know promptly if it doesn't. |
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Edith
Originally published on November 7, 2007 |
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