[WSBARP] Limit on Earnest Money Amount that can be forfeited.

[Jeff Davis]

Listmates,

 

Probate estate is selling decedents home.  Buyer wants to put down a large
earnest money that amounts to 13% of the purchase price.  Somewhere in the
past, it seems our Courts limited the amount of earnest money a Seller can
retain on default to somewhere around 5% of the purchase price.  Your
thoughts would be helpful.

 

Jeff Davis

 

W. Jeff Davis, Esq.

BELL & DAVIS PLLC
P.O. Box 510
Sequim WA 98382
Phone No.:(360) 683.1129 
Fax No.: (360) 683.1258 
email:  <mailto:info at bellanddavispllc.com> info at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
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