[WSBARP] notice to forfeit earnest money

[Klinger, Dustin R.]

Josh-  If this deal is in Escrow- the Agent is highly likely to require a
mutually executed termination and release.  I would start there for a form
as most Escrow Agents will not accept silence as an instruction- even if a
deadline has passed under the PSA.

 


Dustin R. Klinger, P.C.
Partner


Miller Nash LLP
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From: wsbarp-owner at lists.wsbarppt.com
[mailto:wsbarp-owner at lists.wsbarppt.com] On Behalf Of Josh Grant
Sent: Thursday, September 11, 2014 3:45 PM
To: wsbar
Subject: [WSBARP] notice to forfeit earnest money

 

I have a case where the prospective buyer has verbally told the seller
that he has decided not to go through with the sale.  I represent seller.
Verbally propsective purchaser has acknowledged that he will lose his
earnest money.

 

I have seen and used a form for a notice to purchaser that he will lose
his earnest money after ____ date.  I can’t find what I have seen/used. I
didn’t see one in the LPO forms.

 

Does anyone have a form to share for this?

 

Joshua F. Grant, PS
Attorney at Law
P. O. Box 619
Wilbur, WA 99185
tel 509 647 5578
fax 509 647 2734

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